Yahoo is buying social sports activities betting operator Wagr. [Image: Shutterstock.com]
Yahoo is increasing its sports activities portfolio, saying 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 folks to guess towards their associates, in addition to participate in betting challenges and interact in smack discuss with their friends. The Nashville-based firm raised about $16m lately from quite a lot of notable traders.
Yahoo is likely 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 subsequent degree
In the press release announcing the deal, Yahoo Sports activities senior vice chairman Jon Shaw spoke in regards to the significance of fan engagement throughout the firm’s fantasy leagues. He believes that Wagr will instantly permit Yahoo Sports activities to take pleasant competitors and engagement to the subsequent degree.