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TTB Partners confirms withdrawal from Playtech acquisition

TTB Partners initially approached Playtech with a possible acquisition offer on behalf of an investor group in February. Although no official bid was made, the final deadline for an official offer was set to 15 July. The tech giant had previously rejected a £2.7 billion takeover offer by Australian gambling equipment maker Aristocrat Leisure.

Meanwhile, TTB Partner’s subsidiary Gopher Investments recently finalised the acquisition of Playtech’s financial division Finalto a $250 million deal.

The post Ttb Partners Confirms withdrawal from Playtech acquisition appeared first on LeapRate.



This post first appeared on Ironfx Review: An Overview, please read the originial post: here

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TTB Partners confirms withdrawal from Playtech acquisition

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