Lottery.com (LTRY) said Wednesday that it signed a letter of intent to acquire a 51% stake in DotCom Ventures, together with domain assets Concerts.com and TicketStub.com, in a deal valued at $10 million.
The company said this investment will form the third pillar of its entertainment business, alongside Sports.com and Lottery.com.
The transaction value is comprised of cash, secured debt and equity issued at up to $3 per share, the company said.
Shares of the company were up 7.8% in recent trading.
Price: 0.96, Change: +0.07, Percent Change: +7.75
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