Catena Media to divest UK and Australian businesses for EUR 6.0m
Catena Media plc today signed an agreement to sell its UK and Australian online sports betting brands for EUR 6.0 million to Moneta Communications Ltd, a leading UK-based sports betting affiliate. The transaction, which is expected to close in Q3 2023, covers the sale of all assets in Catena Media’s UK business, which includes sports betting brands Squawka and GG.co.uk, and all shares in the group’s wholly owned Australian subsidiary. The sale marks a further step forward in refocusing the business on the North American market following the strategic review of the business