Tag: Acquire
Quickspin to be Acquired by Playtech
June 27, 2016
Playtech has brokered a deal to acquire Swedish games studio Quickspin. Under the agreement, which comes after Playtech last week revealed that it was able to achieve expected growth levels in the first 53 days of the year, the company will pay a maximum consideration of six times Quickspin’s earnings before interest, tax, depreciation and amortisation (EBITDA), subject to a cap of €50 million ($55.9 million). This will comprise an initial payment of €24 million for 100% of the shares of Quickspin on a cash-free and debt-free basis, while the remaining maximum consideration of €26 million will be payable on…