Published
Mergers & Acquisitions

Nektan acquires full control of Nektan Marketing Services

Inte

Nek2
rnational mobile gaming platform and content provider Nektan has just acquired full control of its subsidiary Nektan Marketing Services from Fred Done and Warren Jacobs.

Back in September 2015, London-based Nektan entered into a joint venture with Fred Done (Founder of Betfred) and Warren Jacobs (Managing Director of ActiveWin Media) with the launch of its digital marketing division, Nektan Marketing Services (NMS).

Now however, as part of the continued realignment of the business, Nektan has reached an agreement to buy out its joint venture partners in NMS for a consideration of £500,000 in cash. An initial payment of £250,000 will be made on completion of the Debt Fundraise and the balance of £100,000 payable on the 12 month anniversary of the initial payment.

As a result of the agreement, the put and call option between Nektan and its joint partners will fall away. According to the financial note released today, this strategic transaction gives Nektan the ability to take greater control of its players and marketing on behalf of its partners.
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...