GiG Software signs deal to buy 80% of 888AFRICA for €16.4 million

Bitget2026/09/28 06:01

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GiG Software signed a binding SPA to buy 80% of African B2C operator 888AFRICA for EUR 16.4 million.
Closing targeted by Sept. 30, 2026.
Consideration structured as EUR 6.1 million at completion, with EUR 10.3 million due over the following 10 months.
888AFRICA reports an annualized NGR run rate of about USD 50 million, with Q2 2026 adjusted EBITDA margin of 13%.
Business has a leading position in Mozambique, with licensed operations in Angola and Tanzania.

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 on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GiG Software signs deal to buy 80% of 888AFRICA for €16.4 million

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