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Gaming Innovation Group to acquire Sportnco

22nd December 2021 11:02 am GMT
Gaming Innovation Group

Oslo and Stockholm-listed gaming supplier Gaming Innovation Group has agreed a deal to acquire platform provider Sportnco.

Gaming Innovation Group (GiG) will pay an initial consideration of €50.8m to acquire the sports betting and player account management platform provider, of which €27.3m will be paid in cash and the balance in newly issued shares.

GiG may also pay an earnout of up to €23.0m based on Sportnco’s performance in 2022 and 2023, and will assume €19.2m in [...]

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