LiveScore Group, a London, UK-based media and technology company focused on real-time sports scores, received a £50M investment from Ringier AG.
The investment values LiveScore Group’s gaming and media business at £500m. Following the investment, Stilian Shishkov will join the Supervisory Board of LiveScore Group. Shishkov is currently Senior Partner of the Ringier Sports Media Group, as well as founder and CEO of Ringier`s Sportal Media Group in Bulgaria.
The company intends to use the funds to accelerate growth across key Central and Eastern European territories, a strength of Ringier’s sports media assets.
Founded in 2019 by former Gamesys Chairman and co-founder Noel Hayden, and led by industry veteran Sam Sadi, LiveScore provides real-time sports scores or free-to-air live streams to its users across 200 territories, LiveScore Bet, a sportsbook offering customers in the UK, Ireland, and Netherlands, and Virgin Bet, which gives access to a huge range of betting markets across all the top sports, as well as the nation’s most popular casino products.
The Ringier Sports Media Group includes the sports brands of Sportal Media Group and Digital Ventures OOD in Bulgaria, Gazeta Sporturilor in Romania, Sportal.rs in Serbia and Pulse in Africa. The group`s portfolio is set to grow in the coming months through mergers and acquisitions as well as newly launched products.
FinSMEs
07/09/2022