Sharplink gaming sells fantasy sports and sports game development business units to rsports interactive

Minneapolis, jan. 23, 2024 (globe newswire) -- sharplink gaming ltd. (nasdaq: sbet) ("sharplink" or the "company") today announced that on january 18, 2024, the company entered into an agreement to sell all of the issued and outstanding shares of common stock or membership interests, as applicable, in its sportshub/fantasy sports and free to play sports game development business units to rsports interactive, inc. (“rsports”) for $22.5 million in an all-cash transaction. nearly all employees of these acquired business units will also move to rsports to help ensure a seamless transition.
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