GiG Software agrees €16.4m acquisition of 80% stake in 888Africa
By The Weekly Edge desk ·
Summary
GiG Software has agreed to acquire 80% of 888Africa from evoke for €16.4m, Gaming Intelligence reported. The proposed payment comprises €6.0m initially and €10.4m deferred, with final approvals and a signed share purchase agreement still required. GiG has arranged €8.5m through equity and convertible loans to help finance the transaction; existing management will retain 20%.
Why it matters
GiG’s proposed majority acquisition of 888Africa still requires final approvals and a signed share purchase agreement.