Raketech completes $15.5m ATS Consultants acquisition

| By Robert Fletcher
Affiliate business Raketech has announced that it has completed the acquisition of US-facing tipster ATS Consultants.

First announced last month, the agreed purchase price for the deal was $15.5m on a cash and debt-free basis, with $12.0m of this being paid in cash on closing and a further $1.0m six months post-closing.

The remaining $2.5m will be settled through the issuance Raketech shares with a 36-month lock-up period.

Raketech will now integrate all of ATS Consultants’ assets and liabilities, including websites Winnersandwhiners.com, Statsalt.com and Pickpapa.com, together with the tipster’s roster of employees.

Read the full story on iGB North America.

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