The Multi Group Ltd. has been acquired by 500.com
The Multi Group has sold a 93% stake to 500.com, a leading online sports lottery service provider in China, for a total cash consideration of approximately US$56 million.
Headquartered in Malta, The Multi Group operates Multilotto.com, which is considered one of the top online lottery betting and casino platforms in the Nordic countries where it holds substantial market share. Operating under a Curacao eGaming license, Multilotto offers players the ability to bet on the outcomes of several of the world’s largest lotteries through its proprietary and scalable platform. The Multi Group was recently granted remote gambling licenses from Malta, remote operating licenses from the UK and a remote bookmaker’s license from Ireland, all of which will further strengthen its market position and ability to rapidly expand into new geographic regions.
500.com Limited (NYSE: WBAI) is a leading online sports lottery service provider in China. It offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. 500.com was among the first companies to provide online lottery services in China, and is one of two entities that have been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority that oversees the issuance and sale of sports lottery products in China.
Oaklins' Swedish and Shanghai-based teams were the advisors on this transaction.
Talk to the deal team
Related deals
Darien S.p.A. has launched a voluntary public tender offer for NVP S.p.A.
Darien S.p.A. has initiated a voluntary public tender offer for NVP S.p.A.
Learn moreShareDo has been acquired by Clio
In a landmark deal in the legal software sector, ShareDo, a UK-based provider of a cutting-edge SaaS work management platform, trusted by the world’s largest law firms, has been acquired by Clio, a global leader in cloud-based legal technology.
Learn moreSCLogic has been acquired by iLobby and rebranded as FacilityOS
The acquisition of SCLogic by iLobby, a portfolio company of Insight Partners, has been successfully completed. This strategic merger combines the strengths of both companies under the newly launched FacilityOS brand, enhancing industry leading delivery, logistics, tracking and other facility management capabilities across global enterprises.
Learn more