Stride Gaming plc (AIM:STR) agreed to acquire certain assets of Tarco Limited from Black Onyx Partners L.P, GAL Holdings Limited, Ukudla Commodities Limited, Eitan Boyd, Darren Sims and Christo Oosthuizen for approximately £43.1 million in cash and stock on July 29, 2016. Under the terms of the transaction, initial consideration of £16 million will be paid on completion, of which £7.7 million will be paid in cash and the balance satisfied by the issue of 3.22 new ordinary shares of Stride Gaming. An earn-out consideration will also be paid in a mix of 51.4% cash and 48.6% stock. A maximum of 5.2 million shares will be issued as earn out consideration. In a related transaction, Stride Gaming agreed to acquire 8ball Games and Netboost Media. The cash part of the transaction will be funded from the placing of Stride Gaming shares raising gross proceeds of £27 million. The acquisitions and the placing are each conditional upon, amongst other things, the passing of the Resolutions at the General Meeting, the acquisitions are also conditional on a number of other matters and are, therefore, expected to complete after admission. The Independent Directors of Stride Gaming unanimously recommend that shareholders vote in favour of the Resolutions. As of August 23, 2016, deal was approved by the shareholders of Stride Gaming. The transaction is expected to close on or before August 31, 2016. The acquisitions are expected to be accretive in the first full year of ownership, prior to any synergies. Bruce Garrow, Emma Gabriel and Richard Andrews of Canaccord Genuity Limited acted as financial advisor, Berwin Leighton Paisner LLP and Carey Olsen acted as legal advisor, BDO LLP acted as accountant and Capita Registrars (Jersey) Limited acted as registrar to Stride Gaming. Stride Gaming plc (AIM:STR) completed the acquisition of certain assets of Tarco Limited from Black Onyx Partners L.P, GAL Holdings Limited, Ukudla Commodities Limited, Eitan Boyd, Darren Sims and Christo Oosthuizen on August 31, 2016.