mybet in exclusive talks about a joint venture with a strategic investor

Business News

mybet Holding is currently engaged in negotiations with a strategic investor concerning a future strategic and operational joint venture in the online segment.

The potential partner is a leading provider of sport bets and online casino games headquartered in Malta.

mybet Holding and the investor signed a non-binding agreement regarding the possible execution of a transaction that will give the investor at least 30 days’ exclusivity with an optional 30-day extension for these negotiations.

The objective is to establish a joint venture based in Malta, in which mybet Holding SE will directly or indirectly hold 51 per cent of the shares. After that, in particular the investor will contribute equity in a medium single-digit million range that is to serve predominantly to finance future investments in market activities. mybet Holding SE is to contribute its online business.