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BOTB sells major stake to Teddy Sagi’s Globe Invest

9th September 2022 8:56 am GMT
Greentube

The family office of iGaming entrepreneur Teddy Sagi is acquiring a stake in London-listed online competitions operator Best of the Best (BOTB).

Sagi’s Globe Invest will acquire an initial 29.9 per cent stake in the business for approximately £10m from founding shareholders William Hindmarch and Rupert Garton.

The £4 per share acquisition price represents a 10 per cent discount on the closing mid-market share price of BOTB at market close on 7 September.

Following the acquisition, Globe Invest [...]

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