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Unibet takes full control over Bingo.com real-money operations

5th January 2015 9:13 am GMT

Online and social bingo operator Bingo.com has sold its domain and real-money gaming business to Sweden’s Unibet Group for a total consideration of US$8.0m.

Bingo.com will receive a cash consideration of $2.0m and redemption of the 15m shares of the company already held by Unibet (at a price of $0.40 per share). Unibet had acquired the shares for $2.25m in May 2010 at $0.15 per share, equivalent to a 26 per cent stake in the [...]

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