Adventure Box to Acquire Zefr Media's iGaming IP
Deal News | Feb 27, 2025 | Globenewswire
Adventure Box Technology AB has announced its intent to acquire the intellectual property of Zefr Media, a significant player in the iGaming sector. The acquisition includes a fully binding Letter of Intent and a transaction value approximating $2.5 million USD, composed of cash and Adventure Box shares. Zefr Media, known for pioneering online casino and sports betting platforms, adds considerable value with its innovative technology and industry expertise. This move is seen as a strategic effort by Adventure Box to enhance its leadership in the gaming industry by accessing new player demographics and accelerating growth. The transaction will undergo due diligence and is expected to conclude in early Q2 2025, with Zefr Media’s management integrating into Adventure Box in complementary roles.
Sectors
- iGaming
- Technology
Geography
- Sweden – Adventure Box Technology AB is based in Stockholm, indicating Sweden's relevance to the deal.
- North America – Zefr Media is recognized as a leading iGaming company in North America, which underscores the region's involvement in the transaction.
Industry
- iGaming – The acquisition involves companies that operate within the interactive gaming and betting sector, which is part of the broader entertainment industry.
- Technology – Both Adventure Box and Zefr Media leverage cutting-edge technology to innovate within their gaming and streaming platforms.
Financials
- $2,500,000 – The total compensation for the acquisition, split between cash and Adventure Box common shares.
- $1,300,000 – Cash portion of the transaction.
- $1,200,000 – Adventure Box common shares portion of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Adventure Box Technology AB | Acquiring Company | Company | A game creation and streaming technology company based in Stockholm, traded on Nasdaq First North Growth Market. |
| Zefr Media | Target Company | Company | An iGaming industry leader known for its early online casino and sports betting platforms, based in North America. |
| Duncan McIntyre | CEO of Acquiring Company | Person | CEO of Adventure Box Technology AB, leading the acquisition. |
| James Chung | CEO of Target Company | Person | CEO of Zefr Media, involved in facilitating the collaboration with Adventure Box. |
| Berg Securities | Certified Adviser | Company | Acts as a Certified Adviser for Adventure Box, offering financial advisory services. |