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 warrants, with the deal expected to close before the end of the current quarter.

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