Flutter has agreed to sell Oddschecker Global Media to Bruin Capital for a total of £155m ($215.2m), with the transaction expected to close in the third quarter of 2021.
The Irish bookmaker will receive £135m in cash upon completion, with a further deferred contingent consideration of up to £20m.
The group has also appointed a new Interim CEO for its US division, FanDuel, with Amy Howe taking over from the departing Matt King on a temporary basis as the search for a permanent successor continues.
King gave his notice of intention to leave the group on 12 May 2021, and will leave on 16 July following a short transition period.
Howe will take on the role alongside her existing position as President. She joined the company in February earlier this year from Live Nation Entertainment, most recently serving as Global Chief Operating Officer of Ticketmaster.
“Matt leaves the business in a position of strength and we wish him well for the future,” said Flutter CEO Peter Jackson.
“The appointment of Amy, working alongside the wider FanDuel leadership team, will support the key focus on growing the business and retaining our No 1 position in the US market.”