Ace2Three owner likely to retain 15% of the company
Rummy site Ace2Three to be acquired by Canadian Clairvest Group
The company has invested heavily in the gaming and casino business, particularly in USA and Canada over the past years
2017-04-13
Reading time 31 seg
The company has invested heavily in the gaming and casino business, particularly in USA and Canada over the past years
Clairvest and a group of foreign buyers will purchase only 85% of the Indian gambling website. Founder and CEO of Head Infotech -tha current owner of the Ace2Three-, Deepak Gullapalli, is likely to retain only 15% of the company
Clairvest is not the first firm to express interest in acquiring the Indian rummy site. Late last year, a group of Indian investors were looking to purchase the site but were put off by its price tag. Ace2Three has reported revenues of around USD 26,3 million for the year-ended March, 2016 and its owners had been in acquisition talks with at least a dozen Indian and International companies over the past couple of years.
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