The board of Aspire Global has advised its investors to approve a takeover bid from NeoGames, valuing the firm at SEK 111.00 per share (around $12.29 USD). This constitutes a 41% increase over Aspire Global’s closing share value of SEK 78.50.
A top provider of iLottery and iGaming solutions, NeoGames, initially declared its plan to purchase Aspire Global, a B2B gaming provider, on January 17, 2022. The agreement will result in NeoGames obtaining all remaining shares of Aspire Global through a cash and stock exchange.
The majority stakeholders of Aspire Global, who jointly possess a controlling 66.96% interest in the business, have already consented to tender their shares to NeoGames. This essentially assures the acquisition’s completion.
The transaction, projected to be valued between $500 and $600 million, will establish a worldwide gaming leader. Tsachi Maimon, Chief Executive Officer of Aspire Global, conveyed his excitement about the amalgamation, stating that it would form “a premier global provider to the entire iGaming and iLottery sectors.” He emphasized Aspire Global’s latest strategic actions, such as the procurement of BtoBet and Pariplay, along with its investment in bingo, as crucial elements contributing to the company’s allure as an acquisition prospect.
“I firmly think our organizations are an ideal pairing. The solid connection we’ve forged through years of collaboration will enable us to reach substantial financial benefits.”
“Should this agreement proceed, NeoGames will acquire Aspire Global’s distinctive offerings, while Aspire Global will utilize NeoGames’ current reach to expedite its entrance into the American market.”
“Aspire Global will function as an autonomous iGaming division within the merged entity, and all personnel from both firms are anticipated to retain their positions. Maimon will stay on as Aspire Global’s Chief Executive and will also assume the role of President for the NeoGames group.”
“This is a highly tactical and evolutionary transaction for NeoGames, and potentially one of the most significant achievements our company has attained,” stated Moti Malul, Chief Executive Officer of NeoGames.
“We are certain that uniting two highly prosperous companies will establish a premier worldwide supplier of online lottery, sports wagering, and gaming, with substantial active presences in numerous crucial global markets.”
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