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GiG Software to Buy Majority Stake in Igaming Operator 888 Africa

MT Newswires·08/26/2026 01:48:48
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01:48 AM EDT, 08/26/2026 (MT Newswires) -- GiG Software (GIG-SDB.ST) agreed to principal commercial terms with Virtual Emerging Entertainment to acquire an 80% stake in Africa-focused igaming operator 888 Africa for 16.4 million euros. The initial payment will be 6 million euros, with the remaining 10.4 million euros as deferred consideration, the gaming technology company said Wednesday. To fund the planned acquisition, which remains subject to approvals and the signing of a definitive agreement, the company intends to execute a directed share issue and obtain convertible loans.