Gaming Realms Raise Funds Through Share Subscription
By Casinomeister, Last updated Aug 5, 2016
To part-pay first tranche of deferred payment connected with RealNetworks acquisition
London-headquartered mobile gaming provider Gaming Realms PLC has raised GBP 2.5 million through a subscription of 12.5 million shares at 20.00 pence per share.
The proceeds will be used to partly fund the first tranche, amounting to US$ 4 million of the deferred consideration, following the acquisition of and now due to RealNetworks Inc.
InfoPowa readers will recall Gaming Realms acquired RealNetworks assets in July 2015 for a total consideration of US$ 18 million. US$ 10 million was paid on completion of the deal followed by two deferred tranches of US$ 4 million each due 12 and 24 months later.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
