Britain apos;s Playtech Receives Takeover Approach From JKO Play Limited
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| - | <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.<br>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.<br><br>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 | + | <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.<br>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.<br><br>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.<br><br>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 [https://lerablog.org/?s=certainty 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><br><br>adverts.addToArray("pos":"inread_player")Advertisement<br><br>In the event you loved this post and you want to receive more info regarding [https://ecoc2021qa.coconnex.com/node/102266 { lion4d }] kindly visit the page. |
