Playtech Confirms Talks to Buy Italian Rival
29 Setembro 2023 - 8:50AM
Dow Jones News
By Christian Moess Laursen
Playtech has confirmed that it is taking part in a potential
acquisition process to buy SKS365 Malta Holdings, the parent
company of major Italian rival PlanetWin365.
The gambling-software company said Friday that it is aware that
there are other parties who are also participating in the process
and that have expressed an interest in buying SKS365.
According to a Sky News report, Playtech and U.K. peer Flutter
Entertainment--the owner of Paddy Power and Betfair--are competing
in an auction of the Italian gambling group, which is expected to
fetch around 500 million pounds ($610.2 million).
Playtech said there can be no certainty that it will be
successful in the process nor that any transaction regarding the
potential acquisition of SKS365 will be agreed.
Playtech has a market capitalization of GBP1.4 billion, while
Flutter is valued at nearly GBP24 billion.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
September 29, 2023 07:35 ET (11:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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