On January 10, 2019, Lottoland Holdings Limited announced that Zeal Network SE announced an all-share takeover offer for Lotto24 AG and that major cross-shareholders of both Lotto24 and the Company, Günther Group and Working Capital Group have undertaken to tender their shares in Lotto24 to the offer. Lottoland Holdings expressed its view that the transaction destroys value, makes no strategic or economic sense, and would result in a massive loss of billings and a substantially lower margin (potentially even a negative margin) for the combined new group.