Winvia to acquire Giveaway Guys as it eyes ‘leading position in UK prize draw sector’
By The Weekly Edge desk ·
Summary
Winvia Entertainment has agreed to buy the brands and operating assets of The Giveaway Guys and Win Life Competitions for up to £19.1 million. The deal includes £15.47 million payable at completion and £3.63 million deferred, with an additional earn-out linked to adjusted EBITDA. Completion is expected by the end of October 2026, subject to supplier agreement transfers.
Why it matters
Supplier agreement transfers are a condition of Winvia’s planned acquisition of the brands and operating assets.