Raketech has agreed to sell its “non-core” US tipster and subscription business to an unnamed buyer for €1.25m (£1m), as the affiliate said it would now concentrate on its AffiliationCloud product.
The transaction will see the mystery acquirer pay €450,000 in cash upon closing, while a further €350,000 is due nine months after the deal completes.
Then, a final €450,000 is to be paid 18 months after the deal closes, with the consideration confirmed as fixed and unconditional.
The acquisition is expected to complete by the end of June, and will include assets such as Winners and Whiners, Picks and Parlays, and StatSalt.
Raketech said the divested assets have a book value of around €1m.
However, operational losses from the segment of €500,000 in Q2 and advisory fees of €200,000 impacted the recorded gain of €300,000, the firm noted in Q2.
Once the transaction completes, Raketech said it expects monthly cost savings of around €150,000.
The final disposal of the tipster arm of the business comes after Raketech offloaded its US offline advisory sales operations, ATS Consultants, for $2.25m in July 2024 to an unnamed buyer.
Raketech acquired ATS Consultants in November 2021 for $15.5m, paying $12m in cash up front.
Moving ahead, the 15-year-old firm said it would retain a presence in the US via its sub-affiliation division, which reported a 61.6% year-on-year (YoY) slump in Q1 revenue to €3.4m.
The focus going forward will be on its AffiliationCloud arm. Affiliation marketing revenue dipped 31.6% in Q1 to €6m.
Johan Svensson, Raketech CEO, said: “AffiliationCloud is now at the core of how we operate, and we continue to focus on our growth drivers, including the entrepreneurial partnerships within affiliation marketing, and the expansion of our publisher networks and exclusive commercial operator deals within sub-affiliation.
“This divestment supports our strategic focus on the company’s platform-first approach and our commitment to financial discipline by discontinuing operations in areas outside our key commercial strengths.”
Raketech shares were down 2% to SEK2.80 (21p) in early trading in Stockholm. The stock has slumped 35% so far in 2025.
The post Raketech sells remaining US tipster business first appeared on EGR Intel.
Malta-based affiliate offloads the last of its stateside assets, with the focus switching to its AffiliationCloud capabilities moving forward
The post Raketech sells remaining US tipster business first appeared on EGR Intel.