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EMB Mission Bound Takes Majority Stake in Megabet Plus for EUR4 Million

MT Newswires·10/21/2026 03:57:04
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03:57 AM EDT, 10/21/2026 (MT Newswires) -- EMB Mission Bound (EMB.ST) agreed to purchase a 51% stake in Cyprus-based retail and online sports betting company Cleverpath Holdings, d/b/a MegaBet Plus, for 4.1 million euros. The Swedish gaming group will pay the consideration by issuing a promissory note to be set off against new shares in the company, according to a Wednesday release. The deal, which includes an option to buy an extra 39% for 2.7 million euros, reflects EMB's strategy of combining technology capabilities with established operating businesses. Closing is subject to regulatory approval and is expected in the first quarter of 2027.