Catena Media office

Catena Media plc has mandated Carnegie Investment Bank AB (publ) as financial adviser to assist the company in assessing strategic options for the potential sale of the remainder of its business.

In a statement posted to the Malta Stock Exchange, Catena described Carnegie as a financial advisor that would assist in considering options “as part of conversations with third parties that have shown interest in acquiring certain assets, including all the remaining assets of the group.”

As already communicated, the group continues to streamline the business to focus on the fast-growing, regulated North American market.

“As announced on 15 December 2022, third parties have shown interest in acquiring other assets as part of this process, and the group continues to evaluate the divestment of such.”

Indeed, in December, Catena entered into an agreement to sell its AskGamblers business and associated global casino brands for €45 million on a cash and debt free basis to a wholly owned subsidiary of Gaming Innovation Group Inc.

Catena further shared that third parties have also shown interest in acquiring all the remaining assets of the group in a strategic transaction or through a public tender offer for the group.

“So far, the board of directors of Catena Media has received no firm or indicative bids for the group or any of its assets.”

Continue Reading

Push Gaming expands in Mexico with Winpot.mx

17 June 2024
by iGamingCapital.mt

Ten of the studio’s hit games are now live in the region following the content launch

Altenar announces Kero Gaming partnership to bolster micro-betting offering

11 June 2024
by iGamingCapital.mt

Altenar becomes first sportsbook software provider to adopt supplier’s micro-betting technology

GiG signs new partner for next-gen Sportsbook

10 June 2024
by iGamingCapital.mt

The full signed agreement will see GiG’s sportsbook SportX and platform CoreX launch into strategically targeted multi-jurisdiction European markets

Playson announces first Gibraltar-licensed operator partnership with BoyleSports deal

6 June 2024
by iGamingCapital.mt

The partnership with BoyleSports marks Playson’s first commercial tie-up since it was granted a B2B license by the Gibraltar Licensing Authority

See more