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PTEC Playtech Plc

485.50
-6.50 (-1.32%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Playtech Plc LSE:PTEC London Ordinary Share IM00B7S9G985 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.50 -1.32% 485.50 487.50 488.50 493.50 483.50 490.50 209,665 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 1.71B 105.1M 0.3458 16.69 1.75B

Playtech Confirms Talks to Buy Italian Rival

29/09/2023 12:50pm

Dow Jones News


Playtech (LSE:PTEC)
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From May 2023 to May 2024

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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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