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Evolution acquires Big Time Gaming in €450m deal

12th April 2021 9:55 am GMT
Evolution

Stockholm-listed casino games provider Evolution has entered into an agreement to acquire slots developer Big Time Gaming for a total consideration of up to €450m.

Evolution will pay a total up-front consideration of €220m through a combination of €80m in cash and the remainder in newly issued Evolution shares.

The company will also pay an earn-out based on Big Time Gaming’s EBITDA for the 2022/23 and 2023/24 fiscal years, up to a maximum of €230m, which will [...]

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