Australian giant eBet was expecting to complete the final sales and purchase agreement with networked games provider Octavian International at the end of May.
A notice to shareholders and information memorandum will be forwarded after the execution of contracts. An extraordinary general meeting will be held before June 30 at which the company will seek shareholder approval for the transaction.
Subject to shareholder approval, there are no barriers to quick completion of the transaction.
eBet chairman Michael Hale said: “We consider the acquisition of Octavian as a company-transforming transaction for eBet that will create a new value proposition for our shareholders.
“Our expanded global reach, product diversification and ability to offer new technologies will present many new opportunities for our customers and our company,” he concluded.
