TGS Baltic advised founders of Strive, a North America focused technology company, on the sale of Strive Platform shares worth EUR 5,4 million

22.04.2021 TGS Baltic advised founders of Strive, a North America focused technology company, on the sale of Strive Platform shares worth EUR 5,4 million

TGS Baltic team advised founders of Strive, a North America focused technology company, on the sale of Strive Platform shares worth EUR 5,4 million. Strive is backed by TG Lab, international iGaming technology and development company.

The shares were acquired by the Swedish company Betsson Group, one of the largest company in online gaming in Europe.

The sale comes as part of a wider partnership with Betsson Group, agreed in Q4 2020. This agreement grants Betsson access to TG Lab’s player account management (PAM) system to support its launch in the US market.

We advised clients on all issues related to the transaction. Our team consisted of executive partner Marius Matonis and senior associate Indrė Vickaitė-Liatukė.