Core Viewpoint - Lottery.com is acquiring Nook Holdings Limited for approximately $2.5 million, emphasizing its commitment to global growth in sports and wellness [2][6]. Group 1: Acquisition Details - The acquisition is an all-cash deal, allowing Lottery.com to control 90% of Nook upon completion [2]. - The deal is expected to close on or before June 30, 2025 [2]. Group 2: Nook's Background - Nook, founded by Ravi Bhusari, has established itself as a key player in the UAE's sports and wellness ecosystem, supporting startups and small businesses [4]. - Nook has exclusive partnerships and a strategic location that make it a hub for sports entrepreneurs in the region [4]. Group 3: Strategic Implications - The acquisition will transform Nook into a gateway for sports innovation and investment, integrating it into the broader Sports.com ecosystem [5][6]. - Lottery.com aims to leverage Nook's community to enhance support for sports and wellness entrepreneurs, facilitating networking, licensing, and potential investments [8].
Lottery.com To Increase Ownership Stake in Nook Holdings, UAE-Based Sports Incubator