Betting shop and bingo hall group Gala has acquired the Avago games brand from AIM-listed media and games group YooMedia.
No figure is put on the deal, but YooMedia (YOO) expects its turnover to rise by between £5.1-8.05 million over the next three years.
Gala will re-launch and re-brand Avago, whose games are currently available as Channel 181 on Sky Digital, at the end of September and the final figure will depend on performance during the launch period.
The deal is described as a long-term strategic agreement with Gala, which also acquires some associated intellectual property and a 250,000-strong customer database along with the Avago brand.
YooMedia shares added 0.25p to 7.25p in early trading with over two million going through the ticker in 59 deals in the first 90 minutes.
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