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New Deal


Announced

Enteractive Media to go public via merger with Parsec Capital Acquisitions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

Cross Border

Friendly

Acquisition

Casinos and Gambling

Pending

Canada

Merger

Private

gambling

Demerger

Synopsis

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Enteractive Media, a gambling-focused media company, agreed to go public via merger with Parsec Capital Acquisitions, a special purpose acquisition corporation. Financial terms were not disclosed. "We are excited to have Enteractive for this business merger and look forward to consummating this transaction. We believe that, with the value proposition Enteractive brings to this transaction, it is well-positioned for substantial growth and sustainability. We view the transaction valuation as highly attractive to investors. We believe that through our merger, coupled with the management's background we have the potential to create significant value for shareholders," Patricia Trompeter, Parsec Chairperson and CEO.

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