Acroud acquires TheGamblingCabin for SEK47.3m

Acroud acquires TheGamblingCabin for SEK47.3m

Affiliate marketing specialist Acroud has completed the acquisition of Swedishsantas AB, which owns Swedish-facing tipster brand TheGamblingCabin.

Published 16th April 2021

Acroud will pay approximately SEK47.3m (£4.1m/€4.7m/$5.6m) to purchase 100% of the shares in TheGamblingCabin, split equally as SEK23.6m in cash and SEK23.6m in newly issued Acroud shares.

The deal also includes a potential additional consideration based on earnings before interest, tax, depreciation and amortisation (EBITDA) for the period from 1 April 22 to 31 March 2023.

TheGamblingCabin operates as a software-based tipster service, also offering video content based around sports betting, poker and horse racing.

Read the full story on iGB.