Prominent online casino games developer, NetEnt AB, has announced the signing of a deal that is to see it pay up to £223 million ($275.07 million) in order to purchase Isle of Man-based compatriot, Red Tiger Gaming Limited.
The Stockholm-headquartered innovator used an official press release to detail that the all-cash arrangement is to initially involve it shelling out some £200 million ($246.75 million) for the complete shareholding of Red Tiger followed by a maximum of £23 million ($28.38 million) in 2022 based on the subsequent performance of the new acquisition.
Attractive asset:
NetEnt described Red Tiger as ‘a leading online supplier of casino games and software’ with around 170 employees at offices in Malta, Bulgaria a…