NDS has agreed to sell its subsidiary OpenBet to the latter’s management and Vitruvian Partners for a cash consideration of £208 million (€250.1 million).
On completion of the deal, which has to receive regulatory approval, Vitruvian Partners will become the majority owners in OpenBet, with OpenBet Management holding the remaining shares.
The existing senior management team at OpenBet, including CEO David Loveday, will continue in their roles.
OpenBet, which was founded in 1996 and formerly known as Orbis Technology, is a leading provider of interactive gaming and betting solutions.
Its sale will allow NDS to focus more on the digital pay-TV technology sector.
