A century transaction: Netent acquires Red Tiger
Крупнейший провайдер игрового софта NetEnt в начале сентября объявил о приобретении компании Red Tiger Gaming . Funds of 200 million pounds will be transferred to the seller’s accounts in the near future. The contract stipulates that until 2022 additional transfer in the amount of another 23 million pounds are possible.
Representatives of the manufacturer Netent said that this profitable transaction will expand the technical capabilities of the company and make an excellent reserve for the future development. The board of directors of the developer already has a vision of how gambling should develop after the completion of the transaction.
According to the general director of Netent Teresa Hillman, she, represented by the company, is glad that two leading companies developing gaming software are united. At the same time, the profit of Netent in the near future will grow due to the global coverage of different states in which the company is present. Innovative online games will continue to develop further.
Red Tiger Director General Gavin Hamilton completely agrees with the partner and added that the unification with NEVEN will allow you to access the network of one of the best providers of our time. This opens up new opportunities for Red Tiger and allows her to develop as part of the largest holding.
Recall that Red Tiger was founded in 2014. The jackpot network launched by the company in April 2019 has already paid players more than 2.5 million pounds. Today, the company has 170 people who work in Malta, the island of Maine and in Bulgaria.
Under the terms of the transaction, Netent must pay almost 200 million pounds for a one hundred percent stake in Red Tiger. If the financial results of the new Red Tiger unit as part of NENT will satisfy the board of directors in the next two years, then in 2022 another 23 million pounds will be paid.
According to the financial department of the holding for the third quarter of this year, Neten amounted to about 5.8 million US dollars. The funds for the transaction were received in the form of loans in the banks of Nordea and Danske Bank.
Author of the publication
