Flutter Entertainment to sell Oddschecker for up to £155m

Paddy Power owner Flutter Entertainment has agreed to sell Oddschecker Global Media to Bruin Capital in a deal that values the sports betting and gaming business at up to £155m.
Under the terms of the transaction, Flutter will receive £135m in cash on completion, with a further deferred contingent consideration of up to £20m.

The deal is expected to close in the third quarter of the year.

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