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Playtech acquires Mobenga in potential €23.8m deal

20th July 2011 6:52 am GMT

Looking to integrate sports betting alongside its existing mobile casino, poker and bingo offerings, online gaming platform provider Playtech Limited has entered into an agreement to acquire Swedish mobile gaming developer Mobenga in a deal worth up to €23.8m.

Under the agreement, Playtech will acquire the entire issued share capital of Mobenga AB for an initial €8m subject to final working capital adjustments, plus a further consideration based on a 6 times multiple of the profit [...]

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