M&A news sponsored by Playtech

 

Two private equity firms backing David Baazov's bid to acquire Amaya appear to have increased their funding commitment, with KBC Aldini Capital and Ferdyne Advisory removed from the bid.

Former Amaya chief executive David Baazov has said that he was duped by a fake letter purportedly from Dubai-based finance firm KBC Aldini, committing to provide finance for his acquisition of the online gaming operator.

Playtech has resumed efforts to develop its Financials division with the acquisition of London-based Consolidated Financial Holdings (CFH), a trading solutions provider offering brokers an automated capital market and payments processing product.

US gaming supplier International Game Technology (IGT) has acquired assets including several patents and other intellectual property from Nevada-based Leap Forward Gaming (LFG).