Playtech has confirmed it’s miles in negotiations with Flutter over the sale of its Snaitech business.
On Wednesday morning (14 August), Sky News reported Flutter turned into in talks to indulge in Playtech’s Italian business in a deal price roughly £2bn (€2.3bn/$2.6bn).
Playtech acknowledged Flutter turned into accomplishing due diligence on the business as a duration of exclusivity turned into granted to finalise the main transaction documentation.
Playtech turned into rumoured to be attempting into a sale of Snaitech abet in 2022, but when its income tripled in H1 of that year the supplier halted plans to sell it off.
Snaitech has persisted to assemble successfully, leading in Italy by market allotment. It completed income of €946.6m in FY2023, a 5.2% year-on-year expand.
Flutter got Italian online gaming and lottery operator Sisal in August 2022 for €1.9bn.
Later on Wednesday, Flutter issued a response bringing up it turned into indeed in talks to carry out Snaitech. It moreover echoed Playtech’s earlier sing that there turned into no guarantee the acquisition would proceed.
Source: iGamingBusiness
