NeoGames Looks Set to Acquire Aspire Global

Aspire Global’s Bid Committee has recommended that NeoGames’ offer to acquire the company for SEK111.00 per share should be accepted by shareholders.

NeoGames made the public tender offer on 17 January to shareholders to tender all of their shares in Aspire Global to NeoGames for consideration of a combination of cash and newly issued shares.

Speaking about the proposed acquisition, Tsachi Maimon, Aspire Global’s CEO, said that following the acquisition of BtoBet, Pariplay, and the company’s recent investment in bingo, the potential merger with NeoGames would create “a leading global supplier for the entirety of the iGaming and iLottery space overnight.” He added that he believes the companies are well matched and that their “solid cultural connection” will “facilitate meaningful revenue synergies.”

Should the acquisition take place, it will give NeoGames access to Aspire Global’s proprietary products. Furthermore, it will speed up Aspire Global’s entry into the US gambling market. It would see Aspire Global continue to act independently, with Maimon remaining as CEO of the Aspire Global Group. He would also become President of the NeoGames group.

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