Australia-listed wagering company TopBetta Holdings Ltd. (TBH) is buying data feed and bookmaker comparison website DynamicOdds Pty. Ltd. as part of its bid to expand its business globally.

TBH announced before the Australian Securities Exchange on Thursday that it entered into “a binding, conditional heads of agreement” to acquire 100 percent shares of DynamicOdds and the associated licensing owned by C.D.K. Limited.

DynamicOdds has been a key data supplier for Australia’s Principal Racing Authorities (PRAs) since 2016. The firm also offers an odds comparison site, as well as a subscription service that allows users to place bets with bookmakers.

According to the agreement, TBH must issue to Dynamic IT Group Pty. Ltd. 10 million unquoted options over the bookmaker’s shares, which is pegged at AUD0.20 (US$0.15) per option within two years from the date of issue.