Lottery.com announces Memorandum of Understanding to acquire CMF Media

Lottery.com announced that it has signed a Memorandum of Understanding, or MOU, to acquire CMF Media, a sports content production house. The acquisition, valued at $1M, will be paid entirely in common stock of Lottery.com to be issued at $3.00 per share. CMF is owned by Charlie Bingham and Miguel Sanchez and will be integrated under the Sports.com brand, which is wholly owned by Lottery.com. Matthew McGahan, Chairman and CEO of Lottery.com and Sports.com, commented: “This acquisition of CMF Media is a fantastic fit for us, as it enhances our ability to produce cutting-edge, original sports content. We believe this will generate significant value for Sports.com, leveraging the talented team at CMF Media to build unique, captivating sports programming for our audience.”