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

Galaxsys

 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium

PIN-UP Partners

 
Premium

Lynon

 
 
Premium

Sport Generate

 
Premium

Revsharks

 
Premium

RISK

 
Premium

Digitain

 
Premium

1xBet Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...