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Intertain Group completes Mandalay Media acquisition

15th July 2014 6:46 am GMT

Canada’s Intertain Group has completed the acquisition of UK online bingo operator Mandalay Media for an initial payment of £45m.

The initial payment is exclusive of working capital adjustments, with up to a further cash payment of £15m contingent on future profit performance. Mandalay has been acquired on a debt-free basis.

“We are very excited about the acquisition of Mandalay Media, which will add substantial free cash flow to the business and enhance our current casino offering [...]

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