SharpLink’s bid to acquire SportsHub Games Network is facing scrutiny from an ex-Attorney General and a law firm.
The proposed takeover was announced late last week and, if all goes according to plan, would see SharpLink Gaming acquire SportsHub in an all-stock transaction.
Specifically, the terms of their deal will see the latter firm’s shareholders receive an aggregate of 3.67 million ordinary SharpLink shares in exchange for all outstanding capital stock in SportsHub.
When the deal was announced, SportsHub Chairman John Lettmann said it would “create a significant opportunity for our companies as the US sports betting industry evolves and matures.”