Playtech to be acquired by Australia’s Aristocrat for £2.1 billion
Aristocrat has agreed to vote in favor of the sale of Finalto and Markets.com at an upcoming Playtech shareholder meeting.
Aristocrat has agreed to vote in favor of the sale of Finalto and Markets.com at an upcoming Playtech shareholder meeting.
The new offer or Finalto from Gopher ends up being more than $30 million above the original sale price to Zvika Barinboim.
Stanislav Bunimovich joined CFH/Finalto in 2013 and was named Head of Client Services for the company in 2019.
Playtech said in its latest release that discussions with Gopher remain ongoing about a sale of Finalto.
Playtech announces the appointment of Linda Marston-Weston to the Board as a Non-Executive Director, with effect from 1 October 2021.
The Barinboim group believes that Gopher Investments’ interest in Finalto will be unveiled as “not genuine”.
Playtech continues to recommend the lower Barinboim offer, as the Gopher bid is “uncertain in terms of its deliverability”.
Playtech has not received answers from Gopher Investments regarding its ultimate shareholding, and source of funds.
Playtech said that it expects to publish a supplementary circular in the coming days regarding the Finalto sale process.
Playtech will be releasing a new circular, which will include an update to shareholders on the Finalto sale process.