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Betbull finalises sale of operations to Betterbet

2nd October 2014 7:40 am GMT

Vienna-based betting operator Betbull Holdings has completed the sale of its operations to Germany's Betterbet Sportwetten.

 Betterbet and Betbull have completed an agreement that will see the former acquire all shares of Betbull subsidiaries WettenLeip, OST Outsourcing & Trading, Penalty Sports Entertainment, and Primebet.

Primebet was among the twenty operators to be approved for a federal sports betting licence in Germany.

The purchase price amounts to €7.4m, with an initial €1m paid [...]

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