Stride Gaming Acquires Israeli Mobile Social Gaming Company InfiApps For $39 Million
UK bingo operator Stride Gaming plc (AIM: STR) has acquired Israeli mobile social gaming company InfiApps for $39.2 million.
Under the agreement, $21.2 million in cash will be payable on completion of the deal, with an additional earn-out consideration of up to $18 million payable in cash depending on InfiApps achieving certain financial targets in the next two years.
Founded in 2012, InfiApps provides players with a range of games, some of its main apps are Penguin, including its flagship ‘Slot Bonanza’ social casino title that boasts approximately 5.2 million downloads worldwide.
The firm posted $2.3 million in audited profit before tax during the five months through to May 31 this year, with audited profit before tax in the 12 months to December 31 last amounting to $3.4 million.
Source: The Jewish Business News
Chesed Besht popularizes “book crossing” in Khmelnitsky
Glenn Drew: Our students attend Harvard and Princeton on quite a regular basis
Interview with CEO of the American Hebrew Academy
Igor Kolomoisky: I told Yatsenyuk he was putting himself at risk
On relations with the president, his administration and Prime Minister Arseny Yatsenyuk
New High-Tech Collar Tracks The Health Of Your Pets
The PetPace collar uses non-invasive sensors to monitor data