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Paddy Power acquires games developer Cayetano

16th November 2011 6:18 am GMT

Paddy Power plc has acquired Isle of Man based CT Networks Ltd, the online slots and table games developer trading as Cayetano, for an undisclosed sum.

The acquisition follows the signing of a games supply deal between Cayetano and Paddy Power in June.

Paddy Power said the consideration for the acquisition will be capped, with the majority of the consideration payable subject to the performance of the business over the coming years.

As of October 31st 2011, Cayetano’s [...]

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