Deal Snapshot
NET GAMING ACQUIRES UK BETTING SITE
Thursday 11 July 2019

Sweden-based comparison and news site operator Net Gaming has acquired maxfreebets.co.uk, the company said. Net Gaming said that maxfreebets.co.uk, together with bettingonline.co.uk will become the group's betting flagship in the regulated UK betting market.
Net Gaming is paying an initial purchase consideration of EUR 1.6m (USD 1.8m), with a maximum additional consideration of EUR 0.6m based on performance over the next 12 months. With the full additional consideration, this corresponds to an EBITDA multiple of about 3.4. The acquisition closed on 1 July 2019.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 11/07/2019
Target: maxfreebets.co.uk
Country: UK
Deal Size: 1.8m (USD)
Sector: IT/Online Services
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Net Gaming
Comment:


Options