River iGaming p.l.c. (OB:RIVER-ME) entered into an agreement to acquire Media247 AS from the founders/employees of Media247 AS together with its early investors for NOK 11.6 million on April 18, 2019. The deal value is on a cash and debt free basis and is subject to certain adjustments. River iGaming p.l.c will issue 0.25 million shares and NOK 5 million in cash for the deal. Upon completion, Media247 AS will be located at the same location in Oslo. The consideration Shares issued to the sellers will be subject to a 36-month lockup period. The team of Media247 AS will join River iGaming p.l.c. Completion of the transaction is subject to customary closing conditions, including inter alia that no material adverse change has occurred since the date of the agreement and that certain IPR (domains) has been transferred to River iGaming p.l.c. and/or its subsidiaries. It is expected that the transaction will be completed by latest end of May 2019. River iGaming p.l.c. (OB:RIVER-ME) completed the acquisition of Media247 AS from the founders/employees of Media247 AS together with its early investors on May 2, 2019.