GiG Software signs deal to buy 80% of 888AFRICA for €16.4 million
Bitget2026/09/28 06:01- GiG Software signed a binding SPA to buy 80% of African B2C operator 888AFRICA for EUR 16.4 million.
- Closing targeted by Sept. 30, 2026.
- Consideration structured as EUR 6.1 million at completion, with EUR 10.3 million due over the following 10 months.
- 888AFRICA reports an annualized NGR run rate of about USD 50 million, with Q2 2026 adjusted EBITDA margin of 13%.
- Business has a leading position in Mozambique, with licensed operations in Angola and Tanzania.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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