Flash Sports & Media Holdings, Inc. entered into a non-binding term sheet to acquire a 51% controlling interest in Bongo Holdings Pte Ltd for approximately $25.7 million. The consideration comprises roughly $15.4 million in primary capital and $10.3 million in secondary payments, structured as 60% cash and 40% equity securities of Flash Sports & Media. An additional earnout of up to $12.0 million is available over three years based on revenue and EBITDA targets. The transaction aims to integrate Bongo's streaming technology and distribution network reaching 300 million viewers into Flash's vertically integrated sports, media, and fan engagement platform.
