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While the Daily Fantasy Sports industry may be in its infancy, consolidation continues. Last week it was announced that Toronto-based TheScore.com had acquired a mobile Fantasy sports app called Swoopt.
TheScore itself is a developer of mobile Fantasy Sports platforms and the Swoopt acquisition will help further solidify TheScore as a main player in the Daily Fantasy Sports space, especially among mobile users.
“Like TheScore, Swoopt was created as a mobile first product and this deal equips us to enter the exciting daily fantasy sports market,” said John Levy, the founder and CEO of TheScore, in a statement. “Swoopt’s approach to daily fantasy sports, featuring mobile friendly contests that can be joined and managed quickly and easily, made this a great opportunity – especially with daily fantasy enjoying a clear fit with sports fans using theScore’s mobile platforms.”
ApptheGame is the creator behind Swoopt.
“TheScore is a leader in developing mobile sports experiences and this deal provides Swoopt with the expertise and resources required to take our game to the next level,” ApptheGame CEO Matthew Himelstein said in a statement.
- Aaron Goldstein, Gambling911.com
