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Betsson Boosts UK Expansion Efforts with NetPlay TV Acquisition

Betsson Boosts UK Expansion Efforts with NetPlay TV Acquisition

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Swedish gambling group Betsson AB announced that it has undertaken further steps to expand its presence into the UK gambling market. It has made a cash offer to acquire UK interactive gaming company NetPlay TV for £0.09 per share or the total amount of £26.4 million. The deal is yet to be approved by the UK High Court of Justice and NetPlay TV shareholders. Several investors in the gambling company have already provided Betsson with statements of support. The transaction is expected to be finalized in April.

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