Betsson invests in a strategic venture with TG Lab UAB aimed at North America
Betsson Perch Investments AB, a subsidiary of Betsson AB (publ), has acquired 35 percent of the shares in Strive Platform Ltd (Strive) for a total amount of USD 6.5 million. Upon launch in the US, planned for the second half of 2021, Betsson has an option to increase its shareholding in Strive by another 5 percent for the consideration of USD 1 million. Betsson will also grant to the company a convertible shareholder loan facility of USD 2.5 million. In the Q4 2020 report Betsson announced an agreement with TG Lab UAB (TG Lab), a leading international iGaming technology and development