Intema inks deal to acquire Livestream Gaming

Intema Solutions has signed a definitive share purchase agreement to acquire Livestream Gaming

Intema Solutions has signed a unequivocal percentage purchase agreement to win Livestream Gaming.

Both parties have assign pen to paper on a sell that testament reckon Intema assume ownership of all issued and outstanding securities inwards Livestream for $14.75m.

A buck private corporation, Livestream owns Loot.bet, a server-based, real-money gaming platform. Sir Thomas More importantly, Loot.bet is an up-and-coming make inwards the human race of esports betting, a marketplace that Intema has its sights place on.

Laurent Benezra, Intema’s President and CEO, said: “After months of severe piece of work and negotiations, we are thrilled to make signed this definitive arrangement to purchase Livestream, which testament set aside Intema to get a major participant in the esports and iGaming sectors.”

The acquisition testament include a cash in defrayment of $8m, patch the eternal rest testament live settled by the issuance of a secured vendor use up rearward annotation and young Intema shares.

Moreover, the Canadian companion testament pay off Livestream shareholders an additional $3m inward cash, depicted object to the corporation’s performance.

Half of this will be delivered if Livestream generates a lower limit revenue gaming revenue (GGR) of $7.5m during the 12-month point after the closing date.

The other half testament be delivered if the corporation generates a lower limit GGR of $11.25m during the 13 to 24-month point after the closing date.

“Loot.bet is unequivocally the topper online betting program inwards the humanity and, with the facilitate of Intema’s rising ecosystem and Isle of Man licence, it has the potency to develop significantly more,” added Benezra.

“We seem forrad to the last closing so we tin can genuinely commence our journey.”