$50M earnout just to founder/CEO if certain milestones are met. Is that size earnout typical in deals of this size?
Curious.
What does Churcill Downs know about mobile games? Is it as much as Time Warner knew about dial up internet?
Clearly it's just an investment move for them
Churchill Downs is a gaming (gambling) company. All of the gaming companies are jostling to get into the mobile space. The big hope was that "social slots" on platforms like Facebook would take off and someday let players play for real cash instead of virtual cash.
It sure sounds like their own social/mobile stuff isn't doing well and they're adding this company to try and improve their products.