🤝 GiG Software will acquire an 80% shareholding in 888Africa from an evoke plc subsidiary for €16.4m, the company announced today.
The announcement confirms a NEXT.io exclusive from earlier this month, which reported that the B2B supplier was close to confirming a deal for 888Africa, marking a return to operating in the B2C market.
GiG’s announcement set out that the €16.4m price tag will consist of an initial consideration of €6m and a deferred consideration of €10.4m. It will acquire the 80% shareholding from Virtual Emerging Entertainment Limited, a subsidiary of evoke plc. The remaining 20% of shares in 888Africa will continue to be held by the brand’s founders, who remain active in the management of the business.
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1August 26, 2026 213 1
