esports
Canada – Entain to buy Sportsflare from Tiidal Gaming Group
By Phil - 16 March 2023
Entain has agreed a deal to buy Sportsflare, one of the leaders in developing bet types for the esports betting space from Tiidal Gaming Group for $13.25m.
Sportsflare has created market leading innovations, such as Flash Markets, that allows users to bet in-game on live esports events.
“I am incredibly proud of what the Sportsflare team has done over the last year. Given the capital markets environment, we believed it was best to find a great home for Sportflare in order to maximize value for Tiidal shareholders,” said Thomas Hearne, Chief Executive Officer of Tiidal. “Sportsflare will be a great fit with Entain’s strong presence in the industry and our board of directors is confident that Sportsflare joining Entain is the best long-term solution for its employees and partners.”
