Amaya makes final payment on Rational Group acquisition
Amaya has made a final payment on the deferred purchase price obligation for its acquisition of Rational Group.
In August 2014, Amaya acquired Rational Group for a fee of $4.9bn (€4.4bn), in a deal that also included Rational-owned brands PokerStars and Full Tilt.
As part of the agreement, Amaya has now paid the remaining balance of $47.5m, as well as approximately $870,000 in associated fees.
Amaya used cash flow from operations for the final payment.
The final payment comes after Amaya paid $200m of the deferred purchase price in November 2016, as well as $75m in February 2017 and an additional $75m in April 2017.
Related article: Amaya completes Rational takeover