Yahoo is buying social sports activities betting operator Wagr. [Image: Shutterstock.com]
Yahoo is increasing its sports activities portfolio, asserting the acquisition of social sports activities betting operator Wagr. The worth of the deal, introduced Tuesday, is unknown at this level. Wagr will fully combine into Yahoo Sports activities.
Wagr is a peer-to-peer social betting app that began in 2020. It permits individuals to wager in opposition to their buddies, in addition to participate in betting challenges and interact in smack speak with their friends. The Nashville-based firm raised about $16m lately from quite a lot of notable traders.
Yahoo is without doubt one of the largest gamers in US fantasy sports activities and it believes the Wagr acquisition will assist speed up the corporate’s “imaginative and prescient to create and ship essentially the most compelling fantasy and gaming merchandise.”
take pleasant competitors and engagement to the following stage
In the press release announcing the deal, Yahoo Sports activities senior vice chairman Jon Shaw spoke concerning the significance of fan engagement inside the firm’s fantasy leagues. He believes that Wagr will instantly enable Yahoo Sports activities to take pleasant competitors and engagement to the following stage.