German betting firm mybet has announced that they have completed the sale of German betting site pferdewetten.de for a large €9.9 million price tag.
The deal was originally announced last week, when mybet said it had reached an agreement to sell its 1.8 million shares in the company. Under the terms of the deal, mybet got a €5 million payment, as well as €3.5 million coming after the transactions with the sale are wrapped up.
The completed deal will see mybet's full year fiscal results impacted, as they have adjusted their forecasted revenues down roughly €1-4 million.
No comment on the deal was available as of press time.