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)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More: UK’s Playtech receives takeover offer from Gopher By Reuters

You might also like