![]() ![]() $1.8 million two-year, unsecured promissory note and $3.2 million two-year, unsecured promissory note $5.2 million one-year, unsecured promissory note Approximately $8.7 million from its cash reserves $1.0 million from the purchase escrow account previously funded by Youbet ![]() Youbet financed the acquisition by delivering to UT Group, LLC, United Tote's former owner, the following consideration: The acquisition of United Tote is expected to be accretive to Youbet's fiscal 2006 operating results. The adjusted purchase price is $2 million less than the previously announced purchase price. , Inc., announced Monday that it completed its previously announced acquisition of privately-held United Tote Company for approximately $31.9 million, plus the assumption of approximately $14.7 million of United Tote secured debt (primarily related to the financing of equipment that is leased to United Tote's track customers). Completes United Tote Acquisition - BloodHorse ![]()
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