Terms of the Transaction
Scout Gaming sold its subsidiary Scout Holding Ltd to Swedish firm ImpactWin Group AB and took no cash for it. Payment came entirely in ImpactWin shares. The buyer issued 10,591,102 new shares at around 2.36 kronor apiece, putting the total deal at 25 million Swedish kronor, or roughly 2.28 million euros.
That left Scout Gaming holding a 15% stake in ImpactWin. At the time of closing, ImpactWin carried a valuation of 140 million Swedish kronor. The company posted revenue of around 28.8 million kronor in 2025, with EBITDA of 2.3 million kronor.
Scout Gaming: Company Background
Scout Gaming Group was founded in 2013 in Stockholm and spent the next decade building a B2B platform for fantasy sports and betting. The product covered football, basketball, hockey, UFC, golf, tennis and American football, with player data supplied by the company’s own statistics unit, StatCenter.
In 2022, Scout partnered with Bet365 to launch a fantasy sports product across more than 120 markets in 20 languages. The operator roster also included partners from Australia, Brazil and elsewhere.
The numbers looked reasonable on the surface. Revenue for the first half of 2025 reached 24.2 million Swedish kronor, with 17.9 million coming from the B2B segment, up 27% on the same period in 2024. But the company never managed to turn a consistent profit. Weak results reported in November 2025 sent the stock sharply lower, and by February 2026 the market capitalisation had fallen to just $3.3 million, with 225 million shares trading at $0.01 apiece.
What will happen to the shareholders
Once the deal closes in April 2026, Scout Gaming will have no operating business left. The company’s only remaining asset is its shares in ImpactWin. The Board of Directors intends to transfer these shares directly to Scout Gaming’s shareholders in proportion to their current holdings, via an extraordinary general meeting. Once this process is complete, the Board of Directors intends to wind the company down.
What This Means for the Market
Scout Gaming’s story shows how hard it is for small B2B providers to stay afloat in the fantasy sports market.. The company has been in business for over a decade, signed deals with major operators and listed on a stock exchange, but never managed to turn a steady profit. The total deal value of 25 million Swedish kronor seems modest, considering that the company once raised approximately 101 million Swedish kronor through a rights offering. For ImpactWin, this acquisition provides a ready-made platform and customer base, without having to build a platform from the ground up. Whether ImpactWin can turn that into a profitable business remains to be seen.
