Back in May Contagious Gaming announced its plan to acquire German sports betting software provider Digitote and has now entered into an agreement for all of the issued and outstanding common shares of Digitote Limited and Digitote Software GmbH Deutschland.
Contagious Gaming will pay C$7.15 million (Euro 5 million) for a consideration including Contagious shares and an earn-out of 1x EBITDA for four years up to a cumulative total of Euro 2.2 million (C$3,146,000).
“We are delighted to announce that we have entered into a definitive agreement to acquire Digitote which expands and enhances our sports betting offering,” said Peter Glancy, chief executive officer and director of Contagious Gaming.
“The Acquisition enables us to provide our existing and new customers with a fixed odd sports betting platform alongside Goal Time. Digitote's software has a 30-year history as an extremely robust sports betting platform with a proven track record of handling over $10 billion of web, mobile and land-based wagers throughout Europe.”
sharpe
8 years ago
I think that this deal will be very advantegous for Contagious Gaming, it's impressive how experienced Digitote are in developing and providing of betting software for more than 30 years. Their sports betting platform have been tested and proven trough the time so it's really looking like a great deal for the new owner...
I think that this deal will be very advantegous for Contagious Gaming, it's impressive how experienced Digitote are in developing and providing of betting software for more than 30 years. Their sports betting platform have been tested and proven trough the time so it's really looking like a great deal for the new owner - Contagious Gaming.
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Alexa Alexa 8 years ago
Contagious gaming are serious gaming company.They realize how important is to expand your markets.Digitote is one of the better gambling services in Germany,and it was expected to see them bought by some of the big companies.I suppose both sides will be satisfied with this deal.
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