BetterBet Sportwetten GmbH signed the transfer contract to acquire Wettenleip GmbH, O.S.T. GmbH Outsourcing & Trading, Penalty Sport-Entertainment GmbH and Primebet International Ltd. from Betbull Holding SE (WBAG:BET) for €8.9 million on August 27, 2014. Under the terms of the transaction, BetterBet Sportwetten will pay €7.38 million as purchase price from which a partial amount corresponding to €1 million was paid on a trust account. A further payment up to €1.5 million can be made in case particular conditions are met. Christopher Schrank of Brandl & Talos Rechtsanwälte GmbH acted as legal advisor for Betbull Holding SE.

BetterBet Sportwetten GmbH completed the acquisition of Wettenleip GmbH, O.S.T. GmbH Outsourcing & Trading, Penalty Sport-Entertainment GmbH and Primebet International Ltd. from Betbull Holding SE (WBAG:BET) on September 30, 2014. All the conditions were fullfilled on September 30, 2014.