Elys Game Technology to Acquire U.S. Bookmaking
July 7, 2021
Elys Game Technology entered into a definitive purchase agreement to acquire 100% of Bookmakers Company US LLC, doing business as U.S. Bookmaking (USB). The deal calls for $12 million paid at closing (50% cash/50% Elys stock) plus an earnout of up to $38 million plus a potential 10% premium, based on EBITDA milestones over the next four years.
- Buyers
- Elys Game Technology, Corp.
- Targets
- Bookmakers Company US LLC (U.S. Bookmaking)
- Sellers
- USB members (unspecified)
- Industry
- IT Services
- Location
- Nevada, United States
- Transaction Type
- Buyout
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