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Nuvei expands US payment processing capabilities with Mazooma acquisition

19th April 2021 9:34 am GMT

Toronto-listed payment provider Nuvei Corporation has entered into a definitive agreement to acquire US-facing gaming and sports betting payment technology provider Mazooma in a deal worth up to $315m.

Nuvei will pay an initial $56m to acquire the Toronto-based payment provider, with additional consideration subject to the achievement of specific performance criteria over a maximum 3-year period from the closing date of up to a total maximum consideration of $315m.

Approximately 24 per cent of the consideration [...]

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