Brief: Acroud Enters Into Agreement To Acquire TheGamblingCabin

Acroud AB

15/04/2021 11:34

April 15 (Reuters) - Acroud AB  ACROUD.ST :
    * ACROUD STRENGTHENS THE POSITION WITHIN STREAMING AND SAAS
IN
SPORTS BETTING AND POKER THROUGH THE ACQUISITION OF
THEGAMBLINGCABIN
    * ACROUD STRENGTHENS THE POSITION WITHIN STREAMING AND SAAS
IN
SPORTS BETTING AND POKER THROUGH THE ACQUISITION OF
THEGAMBLINGCABIN
    * ENTERED INTO AN AGREEMENT TO ACQUIRE 100 PERCENT OF SHARES
IN
SWEDISHSANTAS AB ALSO KNOWN AS THEGAMBLINGCABIN  FROM
SWEDISHSANTAS MEDIA AB  FOR A CONSIDERATION OF APPROXIMATELY SEK
47.3 MILLION
    * TRANSACTION ALSO INCLUDES A POTENTIAL ADDITIONAL
CONSIDERATION
BASED ON EBITDA DEVELOPMENT DURING PERIOD FROM 1 APRIL 2022 UP
TO AND INCLUDING 31 MARCH 2023
    * TRANSACTION WILL LEAD TO A LOWER RISK PROFILE WITH MORE
STABLE
REVENUE GENERATION AND PROFITABILITY.
    * AN ADDITIONAL CONSIDERATION CAN BE PAID BASED ON A
MULTIPLE OF 5
TIMES EBITDA GENERATED DURING PERIOD FROM 1 APRIL 2022 UP TO AND
INCLUDING 31 MARCH 2023 REDUCED WITH AN ANNUALIZED EBITDA BASED
ON Q220-Q121
    * TRANSACTION IS NOT SUBJECT TO ANY FURTHER CONDITIONS AND
IS
COMPLETED AS OF 15 APRIL 2021.

Source text for Eikon:  ID:nWkr46758D 
Further company coverage:  ACROUD.ST 

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