Betsson finalises the acquisition of NetPlay TV

son has affirmed the completion of its NetPlay TV acquisition after the board of directors accepted a bid of £26.4m last month.

The two companies secured court approval for the deal with NetPlay TV now operating as a wholly owned subsidiary of Betsson. Furthermore, all NetPlay TV shareholders will receive 9p in cash per ordinary share they hold.

The UK High Court of Justice made an order to sanction the scheme of arrangement regarding Betsson’s cash offer. However, after meeting all the conditions for completion had been satisfied, the UK-facing interactive TV gaming operator will be delisted from the London Stock Exchange on Monday.

Urik Bengtsson, CEO and President of Betsson AB comments: “With the addition of NetPlay and the continued organic growth, the UK is on its way to become one of Betsson’s most important markets.

“Also, this acquisition is a good example of our strategy to acquire sub scale operators where integration with Betsson’s systems and processes can realise synergies.”