Imperus Technologies, the gaming software and platform provider formerly known as ISIS Lab, has made a major push into the social casino market with the US$100m acquisition of Diwip, the Tel Aviv-based studio behind the popular Best Casino app.

Imperus will acquire all of the issued and outstanding shares of Diwip for an initial consideration of $50m, with an additional $50m to be paid over two years, based on the business hitting a number of earn-out targets. The initial consideration will comprise of $40m in cash and a further $10m in common shares of Imperus.

Premium subscribers continue here to the full article.

Related

GIQ Magazine Digital Edition