In order to concentrate on its US operations and other assets, 888 Holdings is looking to sell its Dragonfish online bingo business units to Broadway Group for a total consideration of $50 million.
A potential earnout of up to $4 million will be paid within "approximately six months" after the takeover is completed, contingent on revenue-based performance criteria. The $50 million total transaction will be paid in cash upon completion on a cash-free debt-free basis.
A potential earnout of up to $4 million will be paid within "approximately six months" after the takeover is completed, contingent on revenue-based performance criteria. The $50 million total transaction will be paid in cash upon completion on a cash-free debt-free basis.
