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Raketech agrees sale of non-core US business

8th July 2024 10:46 am GMT

Stockholm-listed gaming affiliate Raketech has agreed to sell its non-core affiliate business in the United States, ATS Consultants.

ATS Consultants operates a number of sports tipster websites and was acquired by Raketech in December 2021 for $15.5 million, with the business now being sold back to management for total proceeds of $2.25 million.

The purchase price will be settled through a combination of upfront cash and ongoing revenue share, and the transaction is expected to complete [...]

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