Merge Aristocrat And Playtech Worth $ 3.7 Billion Postponed Against The Background Of Growing Interest In The Transaction From Jko Play

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June 1, 2022
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Merge Aristocrat and Playtech Postponed

According to the press service of the australian giant in the production of slot machines and gambling software for gambling aristocrat, merging brand with one of the leaders of the world gambling market playtech will once again postponed indefinitely. The main reason for this is continuing interest in the transaction from jko play.

October 18 last year, all profile information resources reported the achievement of the final agreement between aristocrat and playtech about the merger. The total cost of the implementation of the basis of the evaluation of the current assets of the developer, amounted to 3.7 billion us dollars. In addition, the dates of the meeting of shareholders were established in connection with the recommended acquisition – from january 12 to february 2, 2022.

However, the investment company jko play, which previously appeared in the process of submission of appelications for ownership of the full packlications for ownership of the full packtech shareest interest in implementing. Such a step, according to the brity of the suspension of the previously launched merge process aristocrat and playtech.

The gardening sector regulator decided to move the last date of jko play activity on january 26. By this time, the company shold either publish the official proposal for the acquisition of playtech capacity, or to completely exit bidding and abandon its complaints.

Until now, the recommended application from aristocrat is the only solid fusion request received by playtech.

Bosses aristocrat suggests that other potential trading participants have already used a significant amount of time to make a counter offer. In their opinion, the further delay in the relevant meetings of shareholders only prolongs the period of uncertainty for playtech.

In addition, the company noted that the process of approval of regulators continues, adding that it seeks to close the deal as quickly as possible.

Recall, playtech launched two advanced studios of live casino in michigan and new jersey.

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