Jumbo Interactive (ASX:JIN) acquired FN Funding, DG Motors, and RYNO.CO, which collectively make up the US-based Dream Giveaway business from DG FN Holdings on Thursday for a total upfront cash consideration of AU$57.8 million, according to a same day Australian bourse filing.
The acquired firms were wholly-owned subsidiaries of DG Acquisition.
The acquisition of the automotive-themed prize draw giveaway business via a combination of AU$20.9 million in existing cash and the draw down of AU$36.9 million in debt under its existing facility.
Jumbo also updated its fiscal year 2026 outlook to reflect the anticipated underlying earnings before interest, taxes, depreciation, and amortization contribution from Dream Giveaway in the range of $2.7 million to $3 million, reflecting a contribution for around eight months.
Its shares fell over 2% in recent trading on Thursday.