Uproar.com gambles on IBetcha.com

All stock deal follows iWin.com purchase

Online gaming venture Uproar.com has acquired Web-based wagering site IBetcha.com in an all-stock deal. Under the terms of the pact, expected to close this month, Uproar will issue 1.33 million common shares to IBetcha stakeholders. Based on Uproar’s Friday close of $6.50, the deal values the company at roughly $8.6 million. The IBetcha acquisition follows on the heels of Uproar’s purchase of sweepstakes portal iWin.com in July.

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