M&A news sponsored by Playtech

 

U.S-based TV production company Bischoff Hervey Entertainment Television (BHE TV) has acquired a 50 per cent equity stake in online gaming developer MX Gaming, the company which has co-produced a number of branded online slot games alongside Endemol and OpenBet.

Media Corporation has confirmed that it has placed its Eyeconomy media agency subsidiary into administration after deciding that it is no longer an appropriate fit with the ongoing strategic direction of the company.

The boards of publicly listed gaming operators William Hill, GVC Holdings and Sportingbet have agreed to a revised  proposal that would see William Hill and GVC acquire the entire share capital of Sportingbet at a price of 56.1 pence per share.

Alongside publication of its first half results, Betfair has confirmed that it has agreed to dispose of its majority stake in the LMAX financial exchange business, while also selling its minority stake in social gaming company Kabam.

The Hellenic Republic Asset Development Fund (HRADF) has concluded its evaluation of eight expressions of interest from entities seeking to acquire the Greek government’s 33 per cent stake in gaming monopoly operator OPAP, with just one company failing to progress to the next phase of the tender.

Rank Group’s majority shareholder Guoco Group Limited has received an offer of HK$8.25bn (US$1.1bn) to take the company private following a bid from a Hong Kong-based investment firm controlled by Malaysian billionaire Quek Leng Chan.

Australia’s Aristocrat Leisure has made its first move into the burgeoning social gaming space with the acquisition of leading social casino games developer Product Madness.

GIQ Magazine