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GiG Software agrees terms to buy 80% stake in 888AFRICA for about EUR 16.4 million

PUBT·08/26/2026 10:18:09
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GiG Software agrees terms to buy 80% stake in 888AFRICA for about EUR 16.4 million
  • GiG Software agreed principal terms to buy 80% of 888AFRICA from Virtual Emerging Entertainment for about EUR 16.4 million.
  • Deal structure includes about EUR 6 million upfront consideration, with about EUR 10.4 million deferred; founders retain the remaining 20%.
  • 888AFRICA is described as a profitable, cash-generative B2C operator across multiple African markets.
  • Group expects FY 2026 revenue of EUR 44-48 million, with adjusted EBITDA of EUR 5-7 million, assuming Q4 contribution.
  • Funding plan targets EUR 8.5 million via a directed share issue and convertible loans, mainly to cover the initial payment.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GIG Software plc published the original content used to generate this news brief via Cision (Ref. ID: 202608260100BITN____UKPR__EN_20260825-BIT-2146-0) on August 26, 2026, and is solely responsible for the information contained therein.