Industry News

UK’s Playtech Receives Takeover Offer from Gopher

Published

4 years ago

November 9, 2021

Niji Narayan

Reading Time: < 1 minute

Britain’s Playtech Plc has 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 which first reported the development.

“Discussions with Gopher are at an early stage and ongoing,” a statement from Playtech read. “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.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.