Deal was announced in 2014
Amaya completes acquisition of Rational Group
Canadian based iGaming group has completed the purchase of Rational Group, paying associated fees totalling USD 870,000.
2017-06-05
Reading time 18 seg
Canadian based iGaming group has completed the purchase of Rational Group, paying associated fees totalling USD 870,000.
Under the terms of the deal Amaya was able to defer immediate payment of the full purchase price, instead making instalment payments of $200m in November 2016 and two payments of $75m in February and April 2017 respectively.
In its statement announcing the completion, the company stated it had used cash flow from operations to raise the remaining payment amount of $47.5m
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