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Raketech targets expansion in Japan with latest acquisition

2nd September 2019 9:14 am GMT

Stockholm-listed iGaming affiliate Raketech is targeting expansion in the Japanese market through the acquisition of Malta-based Casumba Media.

Raketech has agreed to make an upfront payment of €2.0m to acquire the company, representing a multiple of approximately 3x EBITDA, with the possibility of additional earnout payments based on certain performance measures.

Part of the earnout will be capped up to a maximum of €2.1m until 31 December 2021, with the other part uncapped, […]

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