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Gaming & hospitality firm buys Adda52 for $23 mn
short by Rahul Raj / on Thursday, 1 September, 2016
Online poker and rummy gaming website Adda52.com was acquired by casino and hospitality operator Delta Corp on Wednesday for $23 million in a cash and stock deal. Delta Corp will initially acquire a 26% stake in Adda52's holding company Gaussian Networks and complete the transaction by June 2017. The five-year-old Kolkata-based startup was founded by IIT-Delhi alumnus Anuj Gupta.
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