OneTwenty Expands Sports Publishing Presence with Acquisition of Catena Media Assets

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Prominent digital sports and iGaming media company OneTwenty acquires leading sports publishing assets from Catena Media plc.

Solidifying its standing as a pivotal force in sports publishing, OneTwenty significantly advances its presence in the UK and Australian markets by strategically acquiring assets from Catena Media plc. The acquisition, valued at 6.0 million euros, includes assets that generated 4.5 million euros in revenues in the past year, with a remarkable growth surge in H1 2023.

OneTwenty financed the acquisition through a recently secured debt of nearly 11 million euros from Thin Cats. This transaction is projected to contribute significantly to OneTwenty’s EBITDA guidance for the upcoming year, positioning it at 6.0 million euros for 2024.

“This purchase is another step on our journey to becoming a leading digital publisher at the convergence of sports, media, and betting. We are reshaping our portfolio to focus on engaging fan experiences that allow us to build ecosystems for our loyal user base to enjoy. The portfolio particularly builds on our horse racing and football audiences and allows us to serve increasing demand from our sports-betting partners,” OneTwenty’s CEO Chris Russell stated.

Eoin O’Keeffe, Group Operations Director, thanked the M&A team for their role in the successful acquisition. He praised Charlene Walsh, Jack Lodge, Jakub Pieczonka, and Ray Kirwan for their exceptional efforts. O’Keeffe reaffirmed the company’s dedication to maintaining momentum and achieving greater success.

“The team at Catena Media’s UK and Australian business is fantastic, and we are excited to have them join our family. This gives us confidence to grow this business together, leveraging the assets in existing and new markets.” O Keeffe said. With this acquisition, OneTwenty has positioned itself to tap into the evolving landscape of sports, media, and betting, reinforcing its dedication to enhancing user experiences and capitalising on emergent market opportunities.

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