Amaya completes purchase of Rational Group
Canadian based iGaming group Amaya has completed its acquisition of Rational Group, paying a final payment of $47.5m and associated fees totalling $870,000.
Rational Group, operators of the PokerStars and Full Tilt brands was initially sold to Amaya in August 2014, for a fee of $4.9bn.
However, under the terms of the deal Amaya were able to defer immediate payment of the full purchase price, instead making instalment payments of $200m in November 2016 and two payments of $75m in February and April 2017 respectively.
In its statement announcing the completion, the company stated it had used cash flow from operations to raise the remaining payment amount of $47.5m.
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