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GVC revises earn-out structure over Betboo acquisition

23rd February 2011 7:43 am GMT

GVC Holdings plc said Wednesday that it has revised and extended the earn-out structure relating to its acquisition of South American brand Betboo in July 2009, with the earn-out now based on regular monthly payments totalling US$5.65m, plus 25 per cent of net gaming revenues generated over the four year period ended December 31st 2014.

GVC initially acquired Betboo for an up-front payment of $4m and an earn-out based on the sum of the profits for the [...]

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