Super Group Announces Key Terms of Strategic Transaction to Assume Full Control of its Sportsbook Technology Platform
Super Group (SGHC) Limited (SGHC)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Super Group (SGHC) Limited (NYSE: SGHC), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that it has entered into definitive agreements to assume full control of its sportsbook software technology licensed by Apricot, Super Group’s long-standing software partner.The transaction brings Super Group closer to its goal of fully owning and controlling its sportsbook technology across its worldwide markets, giving the company the capability to apply this technology stack to any properties it may buy or build in the future.Super Group has agreed to acquire this technology for a total consideration of c.€140 million from Apricot’s licensor, plus additional amounts payable if certain earn-out conditions are achieved. The upfront consideration consists of c.€100 million, which will be paid in the form of cancellation of an outstanding loan. Super Group will pay an additiona
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SGHC
Earnings
- 5/8/24 - Beat
SGHC
Sec Filings
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- 4/25/24 - Form 20-F
- SGHC's page on the SEC website