Lottery.com Plans to Acquire Concerts.com and TicketStub.com for $10M

Dow Jones

08 May

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.

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Shares have declined 44% over the past 12 months. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2025 15:27 ET (19:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533963597","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533963597","pubTimestamp":1746646020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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