UK’s Playtech receives takeover offer from Gopher By Reuters



© Reuters.

(Reuters) – Britain’s Playtech Plc (LON:) received a takeover bid from its second-biggest shareholder, Gopher Investments, the online gambling software developer said on Sunday.

The development comes weeks after Australian gambling machine maker Aristocrat Leisure made a 2.1 billion pound ($2.83 billion) offer to buy Playtech.

Playtech received a preliminary approach from Gopher on Oct. 21 seeking access to certain due diligence information, in order to explore terms on which a possible offer for all of the issued and to be issued share capital of Playtech might be made, according to the statement.

Hong Kong-based Gopher is weighing plans for a 3 billion pound takeover of the company and is being advised by Rothschild, according to Sky News https:// which first reported the development.

The London-listed company said discussions with Gopher were at an early stage and ongoing

Gopher did not immediately respond to a Reuters request for a comment.

“As such, there can be no certainty that Gopher’s approach will result in an offer for the company, nor as to the terms on which any offer might be made,” Playtech added.

($1 = 0.7414 pounds)

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