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MGT Capital acquires DraftDay fantasy sport business

2nd April 2014 8:01 am GMT

MGT Capital Investments has entered into an asset purchase agreement with CardRunners Gaming to acquire the DraftDay fantasy sport business and software platform.

MGT will pay $0.6m in cash and approximately 100,000 shares of common stock to acquire the DraftDay assets.

It is the latest acquisition for MGT which recently expanded its online gaming portfolio with the purchases of virtual card dealing solution Real Deal Poker and social casino studio Avcom. The company plans to launch [...]

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