Key Takeaways
- The deal is expected to close within the 30 days for a reported €4 million in cash.
- An additional €2 million will be paid if certain key metrics are met in 2017. TonyBet generated €3 million in revenue in the first half of 2016.
Swedish online gaming company Betsson AB announced on Thursday that it has entered into a deal to acquire Lošimų strateginė grupė, UAB, the parent company of TonyBet, an online gaming company founded in 2009 by well-known poker industry professional Antanas Guoga, more commonly known as Tony G.
