Italian betting group Microgame announced today that they've come to terms with Active Games, and will purchase 100% of shares of the company along with Intent Software.
Both groups will combine to have more than 200,000 players monthly spread across 120 different betting sites, which are mainly focused in the regulated Italian market. Terms of the agreement weren't made publicly available, but it is likely that the agreement has a sizable consideration paid in cash or stock (or both).
"Active Games has deep knowledge of the market and an outstanding commercial team," said Microgame General Manager Marco Castaldo. "We are convinced this deal will bring great benefits for the market, for customers, and especially for players who will benefit from enhanced liquidity and broader product choice."
Active Games Manuel Raffanini added: "We are excited to join forces with the Microgame Group; we share the same dedication to our customers.
"I am convinced that merging our liquidities and Microgame's huge product range will create new growth opportunities for the operators in our network."