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fuboTV to Acquire Vigtory to Accelerate Development of Sportsbook Technology
Wednesday 13 January 2021

US-based sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO) has executed a binding letter of intent to acquire sports betting and interactive gaming company Vigtory, to accelerate development of sportsbook technology, the company said.

Terms of the deal were not disclosed. The acquisition is expected to close in 1Q21.

fuboTV intends to leverage Vigtory's sportsbook platform and digital gaming assets, and its consumer-driven betting technology, to develop a frictionless betting experience for fubo's customers.

Vigtory has been in discussions for market access agreements in the eastern part of the United States and currently has a deal secured in Iowa through Casino Queen.

The acquisition of Vigtory will give fuboTV the technology to build a consumer-driven sports betting product and launch it before the end of this year.

fuboTV (NYSE: FUBO) is a sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content.
Date Published: 13/01/2021