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Betway owner Super Group to float in New York via SPAC deal The acquisition by a so-called ‘blank cheque’ company values the sports betting group at around US$5bn. image credit: Silvi Photo / Shutterstock Betway owner Super Group has been targeted in a SPAC deal valuing the online betting group at around US$5bn. The Sports Entertainment Acquisition Corp (NYSE:SEAH) vehicle is to acquire the company and bringing the online betting firm onto the New York Stock Exchange. Concurrently, Betway is acquiring a US sports betting company called Digital Gaming Corp to add access to 10 ...

It will go public through a merger with Sports Entertainment Acquisition Corp Special purpose acquisition companies (SPACs) such as Sports Entertainment are shell companies; they raise funds to take a private company public That allows the private firms to sidestep a traditional IPO to enter public markets The deal comes as Betway, which has its roots in Europe, expands in the US The combined company's stock would trade under the symbol 'SGHC' 

Article content NEW YORK — Super Group, the parent company of online bookmaker Betway, said on Sunday it has agreed to go public through a merger with blank-check acquisition firm Sports Entertainment Acquisition Corp at a valuation of around $5 billion. The deal comes as Betway, which has its roots in Europe, expands in the United States. Betway also said it has agreed to acquire Digital Gaming Corp, tapping the online sports betting and gaming market in 10 U.S. states. We apologize, but this video has failed to load. Try refreshing your browser, or Online bookmaker Betway parent to go pu...

Exclusive: Online bookmaker Betway parent nears $5.1 billion deal to go public - sources 04/24/2021 | 03:40pm EDT Send by mail : Message : Required fields (Reuters) - Super Group, the parent company of online bookmaker Betway, is nearing a deal to go public through a merger with blank-check acquisition firm Sports Entertainment Acquisition Corp at a valuation of about $5.1 billion, people familiar with the matter said on Saturday. The deal comes as Betway, which has its roots in Europe, expands in the United States. Betway has agreed to acquire Digital Gaming Corp, tapping the online spor...

Exclusive: Online bookmaker Betway parent nears $5.1 billion deal to go public -sources Reuters 1 hr ago © Reuters/Gonzalo Fuentes Milwaukee Bucks training ahead of the NBA Paris Game 2020 By Joshua Franklin and Anirban Sen (Reuters) - Super Group, the parent company of online bookmaker Betway, is nearing a deal to go public through a merger with blank-check acquisition firm Sports Entertainment Acquisition Corp at a valuation of about $5.1 billion, people familiar with the matter said on Saturday. The deal comes as Betway, which has its roots in Europe, expands in the United States. ...