More interest in Playtech: Gopher also comes with bid
Playtech is negotiating a takeover bid with its second largest shareholder Gopher Investments. The popular game maker announced this recently. After the news came out, the shares were reported to be up 3%.
The news is remarkable because last month Australia's Aristocrat announced a bid for Playtech. That takeover already seemed as good as done.
Hong Kong-based Gopher already has a 5% stake in Playtech and now wants to expand it in the short term.
On October 21, 2021, contact was first made for this purpose about interest in a takeover. However, Playtech indicates that the talks are still at an early stage.
No additional information has been revealed regarding Gopher's interest. SkyNews, which was to come out with the news last weekend, estimates that the bid is around €3.5 billion. Try new game Book of Sun slot to win big prizes!
That's slightly more than Aristocrat, which was supposed to come up with a bid of €3.2 billion at the end of October.
That bid would have already been accepted by Playtech's leadership at that time, although Gopher now seems to be getting into the fray and could cause a bidding war between the two parties.
In a press release, the team at Aristocrat Gaming let it be known that the company's acquisition is not in jeopardy:
"Aristocrat Gaming is always focused on long-term agreements and is not a newcomer to the international iGaming world. We have reached an agreement with the team at Playtech and assume that it will be honored. The transfer should be completed by the second quarter of 2022".
Online casino game developer Playtech has not yet responded to the new offer from Gopher Investments.
Founded in 1999, Playtech is one of the oldest online casino game developers in the world.
The software provider provides diverse casino games for online casinos, poker platforms, bingo rooms, sportsbooks, and live casinos.
Playtech's headquarters are on the Isle of Man, it is also listed in London.
Games recently released by Playtech include slots such as Khonsu God of Moon, Book of Kings, and Epic Ape 2.
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