M&A Deal Summary

Audacy Acquires QL Gaming Group

On November 9, 2020, Audacy acquired internet software and services company QL Gaming Group for 32M USD

Acquisition Highlights
  • This is Audacy’s 1st transaction in the Internet Software and Services sector.
  • This is Audacy’s 2nd largest (disclosed) transaction.
  • This is Audacy’s 6th transaction in the United States.
  • This is Audacy’s 5th transaction in New York.

M&A Deal Summary
Date 2020-11-09
Target QL Gaming Group
Sector Internet Software and Services
Buyer(s) Audacy
Deal Type Add-on Acquisition
Deal Value 32M USD

Target

QL Gaming Group

New York, New York, United States
QL Gaming Group is a direct to consumer sports data and iGaming affiliate platform. QLGG operates three consumer-facing data/analytics brands: BetQL (for betting), RotoQL (for daily fantasy), and SquadQL (for season-long fantasy). QLGG has over half a million users across these products and tens of thousands of paying customers. QLGG holds a gaming license in New Jersey to act as an affiliate to sportsbook operators such as DraftKings, FanDuel, BetStars, and more. QL Gaming Group was formed in 2015 and is based in New York, New York.

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Buyer(S) 1

Buyer

Audacy

Philadelphia, Pennsylvania, United States
Category Company
Founded 1968
Sector Media
Employees3,530
Revenue 1.2B USD (2023)
DESCRIPTION

Audacy is a radio broadcasting company, with a portfolio of 125 highly-rated radio stations. Audacy was incorporated in 1968 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 6 of 7
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New York) 5 of 5
Country (United States) 6 of 7
Year (2020) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Pineapple Street Media

Brooklyn, New York, United States

Pineapple Street Media is an award-winning, renowned independent producer of top-rated podcast content. Pineapple Street Media was founded in 2016 in Brooklyn, NY, with a clear, simple mission in mind: work with the most interesting and ambitious creative and corporate partners to create the highest quality audio stories in a variety of forms and across a range of genres. Pineapple Street Media take pride in a flexible approach to partnerships and strive to make shows that represent a diversity of ideas, communities, and interests.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 Podcorn Media

Beverly Hills, California, United States

Podcorn is a self-service marketplace connecting podcasters with advertisers for native sponsorships. Podcorn gives podcasters the creative control to monetize their content with the right brands and enables advertisers to collaborate on organic ads that resonate with listeners, driving business results. Podcorn is based in California.

Buy $23M
Mergr

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