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Contagious Gaming finalises CAD$7.15m Digitote acquisition

20th October 2015 7:36 am GMT

Toronto-listed software supplier Contagious Gaming has entered into a definitive agreement to complete the acquisition of sports betting solutions provider Digitote in a CAD$7.15m (€5m) deal.

The deal, first announced in May this year, will see Contagious pay a share consideration of CAD$4m (€2.8m), to be satisfied through the issuance of new shares at price per shares of 50 cents for 8,008,000 shares, alongside a earn-out consideration equal to EBITDA for the four years following the closing [...]

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