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Thimba Media acquires online casino assets from Astro Media


Thimba Media acquires online casino assets from Astro Media
7th April 2021
| By Robert Fletcher
Online gambling performance marketing business Thimba Media has acquired the online casino assets of Swedish digital publisher Astro Media Group.
Ireland-based Thimba Media paid $1.8m (£1.3m/€1.5m) to purchase the assets, which it said are online casino product comparison portals across predominantly locally regulated markets including Sweden, the UK and Latvia.
Thimba Media said the assets are expected to generate net income in excess of $580,000 over the next 12 months.
“This acquisition is another major step toward our goal of becoming a large affiliate company and realising our goal of sustainable and accelerated growth both organically and via our systemic M&A strategy,” Thimba Media chief executive Chris Russell said. ....

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Thimba Media Accelerates Locally Regulated Market commitment with Astro Media Group AB Acquisition


Thimba Media Accelerates Locally Regulated Market commitment with Astro Media Group AB Acquisition
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WATERFORD, Ireland, April 7, 2021 /PRNewswire/ Thimba Media Accelerates Locally Regulated Market Commitment with Astro Media Group AB Acquisition for a consideration of $1,760,000.
Thimba Media, the iGaming performance marketing company, today announces a significant step forward in its stated strategy to expand its presence in locally regulated markets with the acquisition of online casino assets from the business Astro Media Group AB. The assets are expected to generate net income of in excess of $580,000 in the coming 12 months.
Astro Media Group AB is a successful digital publishing group based in Sweden. ....

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