Playtech CEO Mor Weizer might be joining the TTB bid for the company, if it emerges.
TT Bond Partners
The Transaction was already approved by Playtech shareholders during the General Meeting held on 1 December 2021.
The Playtech Board will now form an independent committee excluding Mor Weizer to consider all M&A proposals it receives.
Playtech has set a shareholder vote for Wednesday, December 1 to approve the planned $250 million sale of Finalto.
The new offer or Finalto from Gopher ends up being more than $30 million above the original sale price to Zvika Barinboim.
Playtech may have received interest in Finalto from other potential acquiring parties since the date of the adjournment.
Playtech has not received answers from Gopher Investments regarding its ultimate shareholding, and source of funds.
Playtech wants to “further consider recent developments” including the competing $250 million offer for Finalto by TT Bond Partners.
Gopher Investments has made a $250M competing offer to buy the Financials division of Playtech, consisting o Finalto and Markets.com.