Britain's Playtech receives takeover approach from JKO Play Limited

  • This topic is empty.
Viewing 1 post (of 1 total)
  • Author
  • #119425 Reply

    <br>Nov 17 (Reuters) – Online gambling software developer Playtech Plc said it had received a takeover approach from JKO Play Limited, a company controlled by former F1 boss Eddie Jordan and Keith O’Loughlin, a former executive at U.S.
    slot machine maker Scientific Games.<br> <br>JKO is seeking access to due diligence information in order to explore the terms of a potential takeover offer, Britain’s Playtech said in a statement, the latest in a series of takeover interest for the firm.<br> <br>Playtech said it put out the statement in response to media speculation of the possible takeover offer and without JKO’s prior consent.

    JKO could not immediately be contacted for a comment.<br> <br>The news was first reported by Sky News, which said website that Jordan was part of a consortium plotting a bid for Playtech of over 3 billion pounds ($4.05 billion).<br> <br>JKO had indicated to Playtech it was in discussions with New York-based Centerbridge Partners L.P.

    to provide institutional debt and structured capital funding, Playtech said, adding that Centerbridge had not yet made any financing commitments.<br> <br>Centerbridge did not immediately respond to a Reuters request for comment.<br> <br>Playtech said discussions with JKO were at an early stage and there was no certainty they will result in a takeover offer.<br> <br>The takeover approach comes after Australian gambling machine maker Aristocrat Leisure said last month it would buy Playtech for 2.1 billion pounds.<br> <br>Weeks later, Playtech said it was in talks with its second-biggest shareholder, Gopher Investments, over a possible takeover offer.<br> <br>($1 = 0.7416 pounds) (Reporting by Juby Babu in Bengaluru; Editing by Ana Nicolaci da Costa and Emelia Sithole-Matarise)<br>

    If you loved this article and you also would like to obtain more info relating to slot deposit pulsa generously visit the website.

Viewing 1 post (of 1 total)
Reply To: Britain's Playtech receives takeover approach from JKO Play Limited
Your information:

Back to top button