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    Footballco acquires Kooora worth $25 million

    Footballco, the world’s largest digital football content and media business, has agreed to buy Kooora, the largest digital sports publisher in the Middle East in a mid-eight-figure all-cash deal.

    Kooora, a Dubai-based online publisher of sports news and data, has been dominant online sports news and data since 2002, when it was launched in Bahrain by Khalid Aldoseri.

    Kooora is published in Arabic and English, reaches an average of 25,000,000 unique users per month, has over 7 million followers on social media, covers more than 42 sports, and is known for its promptness, consistency and credibility in reporting sports news.

    The acquisition will complement Footballco’s current footprint in the Middle East which is served by seven local editions of GOAL, published in both English and Arabic and more than doubles Footballco’s audience in the region and increases its monthly global reach to 640 million fans.

    This acquisition comes as fans around the world look forward to the first FIFA World Cup for the Middle East.

    Kooora’s founder, Khalid Aldoseri said: “I’m proud to have founded Kooora and to have taken it to this level and I’m excited to see how far it can grow as part of Footballco.

    “Since the day it was launched, we worked hard to build and maintain the pioneering position of Kooora.com at all levels.

    “Setting standards and sustaining them is one challenge that was not subject to any compromise.

    “We look forward to kooora.com growing and expanding onto higher realms as part of Footballco, striving to always serve a valuable and precious Arabic-speaking user base of sports fans.

    “It is all about the solidarity, synchrony, harmony and hard work that have always been common elements within Kooora’s work environment”, Mustafa Mohamed COO of Karmic Consultancy, the management company of Kooora.com said: “The family and team spirit brought us to this point. Thanks to each member in the team and look forward to achieving more great results with the massive global value Footballco would bring to the formula”.

    Footballco CEO, Juan Delgado said: “Kooora supercharges our global and Middle East footprint at a time when more eyes will be on the sport and the region.

    “As a core market for Footballco, being the number one football platform in the Middle East is a must, allowing us to serve its young, growing and football-mad population.

    “It is an affluent digital market, which allows us to continue to populate our map with leading local publishing brands alongside GOAL’s global scale.”

    To further expand Footballco’s presence in the Middle East, the company will be moving its regional headquarters to the Kingdom of Saudi Arabia, integrating both Kooora and GOAL’s operations in the region.

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