Interactive
Luxembourg – NeoGames completes Aspire Global tender offer
By William - 20 June 2022
NeoGames has completed its tender offer to acquire Aspire Global.
approximately 7.6 million shares in the form of Swedish depository receipts to shareholders of Aspire Global as payment of the equity component of the offer. NeoGames is paying cash of approximately $264m – equivalent to SEK 2.64 bn – related to the cash component of the offer.
The shares of Aspire Global that remain outstanding will be subject to a squeeze-out proceeding which is expected to be completed on or around August 11, 2022.
The combined company will be led by Moti Malul, who will continue as Chief Executive Officer, and Raviv Adler as Chief Financial Officer. Tsachi Maimon, the Chief Executive Officer of Aspire Global, has joined NeoGames as President and will lead the newly formed iGaming division.
“We are thrilled to complete this strategic transaction with the Aspire Global team, and to commence working on identifying potential opportunities to capitalize on the merger of our platforms,” said Moti Malul, Chief Executive Officer of NeoGames.
“With this transaction, we are combining our two companies with a goal to create a leading global provider in interactive content, proprietary technology as well as gaming operations, tapping into a potential total addressable market of $74bn, according to H2 Gambling Capital, which is estimated across all elements of iLottery, online sports betting and iGaming verticals for 2021.
“We believe this strategic combination will generate long-term shareholder value by synergistically capitalising on the key strengths of our two companies and will help position NeoGames for expansion in new and existing markets.
“By integrating our market-leading platform and scalable position within the rapidly expanding global iLottery market, with Aspire Global’s proprietary sports betting platform, BtoBet; its iGaming content and aggregation platform, Pariplay; and its proprietary content and turn-key B2B Gaming solutions, NeoGames is well positioned to increase our addressable market opportunities, and further expand our services to our North American customers.”
