BetMakers Technology Wins big on Punting Form acquisition
- BetMakers Technology (BET) completes the acquisition of Punting Form
- BetMakers will pay Punting Form vendors up to $20 million in exchange for acquiring all shares in the company
- An initial cash consideration of $3 million will be paid on November 30, with the remaining $17 million considered as an earn-out over the next three years upon meeting operational and revenue milestones
- BET says the acquisition will further strengthen its position as one of the “leading global providers” of business-to-business data and technology services for horse racing
- BetMakersTechnology is trading steady at 27.5 cents at 1:27 pm AEDT
