Gaming software firm Playtech still in takeover talks with TTB - News Summed Up

Gaming software firm Playtech still in takeover talks with TTB


Takeover talks between Playtech and its shareholder TTB Partners are still ongoing after nearly four months, the gaming software firm said on Friday. Playtech has now been locked in talks with Hong Kong based TTB for 15 weeks, but has reassured investors that discussions 'are ongoing' and 'progress continues to be made'. Takeover talks: But Playtech said other options were also still on the tableA 'put up or shut up' deadline has now been announced, however, with TTB given until 17 June to make an offer or walk away. 'The Independent Committee is conscious that TTB has been considering a possible offer for Playtech for 15 weeks.' 'After 15 weeks it is hard to imagine the pace of that progress, but perhaps volatile markets are the cause,' they said.


Source: Daily Mail May 20, 2022 10:46 UTC



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