888 Holdings sells bingo business to Broadway Gaming for $50mn
LONDON, UK: 888 Holdings (LON: 888) has reached an agreement to sell its entire B2C and B2B bingo businesses to Saphalata Holdings Ltd., a member of the Broadway Gaming group. The consideration is $50m on a cash-free debt-free basis, including a potential earnout of up to $4m, based on achievement over six months of revenue-based…