By Kelly Cloonan
Lottery.com intends to acquire Concerts.com and TicketStub.com for $10 million.
The company said Wednesday it has signed a letter of intent to acquire a majority stake in DotCom Ventures, the owner of the two sites, in a cash, secured debt and stock transaction.
The deal values shares at up to $3 each, the company said.
Concerts.com and TicketStub.com list verified tickets at transparent prices for sports, concerts, comedy, e-sports and festival events. The acquisition reflects Lottery.com's plans to expand its platform to a multi-channel entertainment business alongside Sports.com and its namesake site, the company said.
"While Concerts.com and Sports.com are hallmark media brands, we intend to make TicketStub.com the trusted ticketing site for fans of all live entertainment," Chief Executive Matthew McGahan said.
The company plans to make Concerts.com the ticketing engine for Sports.com, he added.
Lottery.com's stock rose 10% to 98 cents on Wednesday. Shares have declined 44% over the past 12 months.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
May 07, 2025 15:27 ET (19:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。