Betsson AB / Rhino Entertainment Canadian B2C business and B2B technology assets
Completed · Confirmed by · Announced
Transaction
- Buyer
- Betsson AB
- Target
- Rhino Entertainment Canadian B2C business and B2B technology assets
- Consideration
- €64.5m; €51.25m at close with balance deferred · Betsson AB
- EBITDA
- EUR 13,700,000 · FY 2025 · acquired business · estimated pro forma · Betsson AB
This is a defined Canadian business/technology perimeter, not Rhino Entertainment Group in its entirety. · Betsson AB, Betsson AB
Buyer states approximately 4.7× EV/EBITDA using estimated FY2025 pro forma acquired-business EBITDA. · Betsson AB, Betsson AB
Remaining consideration is due six months after closing; no estimated currency conversion is used. · Betsson AB, Betsson AB
Timeline
- Confirmed by · Completed · Betsson AB
- · Announced · Betsson AB
Sources
- Betsson AB: Betsson agrees to acquire Rhino Canadian business and technology ·
- Betsson AB: Betsson completes Rhino acquisition ·
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