altenar2.gif
altenar2.gif
altenar2.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2019 AffiliateCon
NEWS 19 January 2018

Catena Media acquires Dreamworx Online

By Caroline Watson
Catena Media has announced the completion of a deal to acquire Dreamworx Online for €9.5m, of which €4m will be paid with newly issued shares in Catena, and the remaining €5.5m in cash.

Dreamworx Online operates in the sports, casino and financial services market, operating websites such as Sportwettenanbieter.com, Fussballwetten.info and DeutscheFXBroker.de.

Catena expects the acquired assets to generate around €600,000 in quarterly sales, with an operating margin of approximately 80%.

The operator will now become part of Catena’s sport division, run by Baybets, another Catena Media acquisition made back in December, 2017.

Henrik Persson Ekdahl, acting Chief Executive of Catena, commented: “The assets of Dreamworx will strengthen our position as the leading affiliate in Germany. This will place us in the top position, short-term for the Fifa World Cup 2018 as well as long-term.”

Catena Media stated that they expect the deal to be finalised by the end of the month.
RELATED TAGS: Online | Industry | Sports Betting | Mergers & Acquisitions | Affiliate
DISCUSS THIS ARTICLE
n2live.jpg
GI FRIDAY: WEEKLY NEWSLETTER
THE GI HUDDLE PODCAST
NEW! #006 - LISTEN NOW
Gaming Industry Conferences (22:37)
#005 - LISTEN NOW
The role of gambling media (27:11)
#004 - LISTEN NOW
What is the role of a Gambling regulator? (29:09)
#003
The Future of Gambling Sponsorship in Sport (30:50)
ANALYSIS
MUST READ
IN-DEPTH 11 October 2019
Landing on a monopoly
READ MORE
PREMIUM CONNECTIONS