08:52 AM EST, 12/12/2024 (MT Newswires) -- Gambling.com Group ( GAMB ) said Thursday it has agreed to acquire Odds Holdings, the parent company of the OddsJam technology platform for real-time odds data.

Odds Holdings stockholders will get preliminary consideration of $80 million, comprising $70 million in cash and $10 million in Gambling.com ( GAMB ) ordinary shares, Gambling.com ( GAMB ) said.

Stockholders of Odds Holdings may also receive up to an additional $80 million based on its business performance through the end of 2026, according to Gambling.com ( GAMB ).

The company said the deal will be immediately accretive to its operating results upon closing, which is expected to occur Jan. 1, 2025.

Shares of Gambling.com ( GAMB ) were up 14% in recent Thursday premarket activity.