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The Weather Lottery confirms Devilfish Poker acquisition

22nd December 2010 2:03 pm GMT

As part of the company’s strategy to create a gaming division to compliment its existing lottery management business, The Weather Lottery (TWL) has confirmed that it has entered into a conditional agreement to acquire online poker business Devilfish Poker Ltd for a total consideration of £330,000.

Under the agreement, TWL will pay £40,000 in cash with the balance of £290,000 being satisfied by the issue of up to 30,000,000 ordinary shares of 0.1 pence per share [...]

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