Rightbridge signs term sheet for the acquisition of OV Entertainment
Rightbridge Ventures Group AB has entered into a term sheet together with OV Entertainment LTD (“Oceanview”), a UK-based company that owns a portfolio of some of the largest LATAM gaming studios. The entity had consolidated revenues in 2023 of 52 million SEK and 21 million sek in EBITDA. Projected revenue for 2024 is expected to be c. 98 million SEK with an EBITDA of c.26 million SEK which will immediately turn Rightbridge into being profitable for 2024. The term sheet assumes purchasing 51% of Oceanview for a consideration of 102 MSEK (9,7 MUSD) that will be paid in a combination of cash for