MGT Capital Investments has agreed a deal to sell its daily fantasy sports assets, including the DraftDay fantasy wagering platform and its MGT Sports B2B network, to Random Outcome USA, a newly-formed investment vehicle managed by Sportech Digital.
The companies have signed an asset purchase agreement that will see Random Outcome pay MGT a total of $7m, including $4m in cash, for the assets.
MGT will also retain an equity interest in the new entity, including common stock and [...]
