SharpLink Gaming has sold its SportsHub fantasy sports and free-to-play game development businesses to RSports Interactive for $22.5 million.
SharpLink only acquired the SportsHub business just over a year ago, but said that the sale would significantly reduce its operating expenses and help the company achieve positive cash flow from its remaining performance marketing business.
The company has used $14.9 million of the proceeds from the sale to repay all outstanding term loans and lines of credit [...]
