NetEnt announced one of its biggest acquisition deals of all time! The iGaming giant confirmed the purchase of Red Tiger Gaming for £220 million.
This is one of the biggest deals for NetEnt with the deal combining two of the most innovative and leading companies in the online gaming industry together, under one platform. NetEnt said the all-cash deal will take place immediately with the value of £197 million being paid now then followed by an earn out of up to £23 million paid by 2022.
NetEnt’s CEO, Therese Hillman spoke on behalf of the gaming provider saying they welcome Red Tiger to the NetEnt Group and are very pleased with the acquisition decision. Hillman added they are looking forward to working with the team behind Red Tiger to enhance their games offerings to further their global presence and further their value with players and operators.
Red Tiger was founded in 2014 and has quickly established themselves in the industry for their prominent products. The company is headquartered in Bulgaria, Isle of Man and Malta. This is a very excited stage for Red Tiger, and they are looking forward to becoming part of the NetEnt Group said the company’s CEO.