Acquisition Agreement Reached: Livespins to Be Taken Over by Evolution
Evolution's Purchase of Livespins: A Game-Changer for Online Gaming
Evolution, a leading online casino games provider, has announced its intention to acquire Livespins, a cutting-edge B2B platform bridging the gap between streaming and online gaming. Under the terms of the agreement, Evolution will acquire all of Livespins' issued shares for a total up-front cash consideration of €5 million, with an additional earn-out based on Livespins' performance in 2026.
This acquisition aligns perfectly with Evolution's "Product Leap" strategy, aimed at pushing boundaries and delivering innovative products to end users. By incorporating Livespins, Evolution plans to strengthen its online gaming portfolio with a fresh social category of live entertainment.
Livespins uniquely allows operators to offer players the opportunity to "bet behind" their favorite streamers, influencers, or brand ambassadors. This innovative approach creates a captivating social betting experience where multiple players can participate in the same game, with the streamer's success influencing their own.
Post acquisition, Livespins will remain a distinct brand within the Evolution Group, joining forces with Evolution, NetEnt, Red Tiger, Ezugi, Big Time Gaming, No Limit City, DigiWheel, and other top-tier game studios. This merger is poised to provide an extended range of experiences for the group's clientele.
Livespins' acquisition cements its place within the industry and sets the stage for streamers to play games from some of the most renowned studios in Evolution's portfolio, as well as the 40+ studios already integrated.
Martin Carlesund, the CEO of Evolution, expresses great anticipation for Livespins' integration, stating, "Livespins stands out with its engaging metrics and player adoption rates, making it an attractive addition to Evolution's portfolio."
Todd Haushalter, Evolution's Chief Product Officer, adds, "Joining forces with Livespins allows us to bring a fresh approach to online casino gaming, enabling players to play along with their favorite streamers. With Livespins' technology and Evolution's extensive game portfolio, we're eager to provide a groundbreaking gaming experience to our players."
Chris Scicluna, Livespins' CEO, shares his excitement about the company joining Evolution, emphasizing, "Becoming part of the Evolution Group represents a significant milestone for Livespins, as we continue to establish our presence in the online gaming industry."
In essence, Livespins revolutionizes the intersection of live streaming and online gaming, offering viewers a unique, interactive, and social gambling experience. Real-time streaming, social interaction, the "bet behind" feature, and personalization and immersion are among the key highlights of the platform.
- This acquisition of Livespins by Evolution, a leading online casino games provider, opens up opportunities for the integration of finance, as the merged entity will explore monetization strategies within the online gaming and streaming industries.
- The technology acquired through Livespins' purchase will significantly impact the business sector, as Evolution aims to leverage this innovations to advance their online gaming portfolio, merging technology and streaming to create a groundbreaking gaming experience.
