NeoGames to Acquire Aspire Global in a Deal Valued at $600 Million

The Aspire Global board recommends that its stockholders embrace the purchase proposal from NeoGames. For every share of Aspire Global, NeoGames has presented a bid of 111.00 Swedish Krona, equating to roughly $12.29 in US currency.

Initially revealed on January 17th, NeoGames’ public acquisition proposition outlines a plan to procure all outstanding shares of Aspire Global through a blend of cash and freshly minted shares.

Aspire Global disclosed that its primary stakeholders, collectively possessing a controlling 66.96% of the company’s shares and voting power, have consented to relinquish their shares to NeoGames. The agreed-upon price is 111.00 Krona per share, payable in cash. This signifies a 41% increase over Aspire Global’s closing share price of 78.5 Krona.

Evaluations from industry specialists suggest that this transaction places Aspire Global’s worth between $500 and $600 million.

Tsachi Maimon, holding the position of CEO at Aspire Global, remarked on the prospective amalgamation. “Aspire Global stands as a superior, top-tier provider of a comprehensive array of services tailored for the regulated gaming sector,” Maimon stated. “Subsequent to the acquisitions of Btobet and Pariplay, the recent capital infusion into bingo, and the divestiture of the B2C segment, the potential union with NeoGames holds the promise of establishing a dominant global source for the entirety of the iGaming and iLottery marketplace.”

“I firmly believe our firms are an ideal pairing. The solid relationship built through years of collaboration will enable us to achieve substantial joint revenue expansion.”

Should this agreement be concluded, NeoGames will gain access to Aspire Global’s distinctive offerings. Aspire Global, conversely, will utilize NeoGames’ established market position to hasten its penetration of the US market.

Aspire Global will function as an autonomous iGaming unit within the merged entity. Notably, it is anticipated that all personnel from both organizations will maintain their current roles. Maimon will continue as CEO of the Aspire Global group and will also take on the position of President for the NeoGames group.

Moti Malul, NeoGames CEO, remarked: “This represents a highly strategic and transformative transaction for NeoGames, potentially marking one of the most momentous turning points in our company’s trajectory.”

“We are certain that uniting these two highly successful enterprises will establish a premier global supplier, encompassing all facets of online lottery, sports wagering, and gaming, with extensive global active operations spanning numerous key regions.”