GiG Software completes purchase of 80% stake in 888AFRICA for €16.4 million

Bitget2026/10/01 06:01

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GiG Software completed the acquisition of an 80% stake in 888AFRICA on Oct. 1, 2026.
Total consideration set at EUR 16.4 million; EUR 6.1 million paid at completion.
Remaining EUR 10.3 million scheduled in installments over the next 10 months.
888AFRICA operates as a profitable African B2C operator, with a market-leading position in Mozambique.
Annualized NGR run rate put at about USD 50 million, adding scale and diversification from completion.

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: 20260930:BIT:7581:0) on October 01, 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 completes purchase of 80% stake in 888AFRICA for €16.4 million

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