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M&A News

iTEAM Network rescues FantasyUp brand from insolvency

B2B daily fantasy sports (DFS) software supplier iTEAM Network has acquired the insolvent FantasyUp.com site, with the brand to be relaunched on the iTEAM platform and all money owed to existing players paid out.

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Amaya shares boosted as CEO Baazov prepares $2.8bn takeover bid

Amaya has seen its share price rise by almost a third today after chief executive David Baazov announced that he may bid to acquire the business outright, with the company establishing a special committee to review this and any other proposal to take over the business.

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SinglePoint moves into fantasy sports with GoDraft acquisition

Mobile marketing and payment technology solutions provider SinglePoint is set to move into the daily fantasy sports (DFS) market with an agreement to acquire a majority stake in real-money fantasy operator GoDraft.com.

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Exclusive: Paddy Power, Playtech and William Hill enter bidding war for £300m OpenBet

Paddy Power, Playtech, William Hill and two private equity houses are bidding for gaming technology supplier OpenBet.

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XLMedia

XLMedia to consider acquisition or sale as strategic review begins

London-listed online gaming marketing firm XLMedia has appointed Canaccord Genuity to conduct a review of the strategic options open to the company, to evaluate opportunities to maximise value for its shareholders.

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Czech consortium bids for control of Casinos Austria

The fight to acquire Casinos Austria has taken a new turn with Austrian Gaming Holding (AGH), the consortium comprising Czech investment firms KKCG and Emma Capital, moving to acquire a controlling stake in the business.

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DEQ considers M&A opportunities in bid to maximise shareholder value

Canadian casino games developer DEQ Systems is exploring possible mergers and acquisitions, among other forms of business combinations, as it looks to maximise shareholder value.

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Ainsworth completes $38m acquisition of Nova Technologies

Australian gaming supplier Ainsworth Game Technologies has finalised its acquisition of US-based games and systems manufacturer Nova Technologies for a purchase price of US$38m.

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NetPlay TV pulls out of talks to acquire Sportech’s Football Pools

London-listed operator NetPlay TV confirmed Monday that it has withdrawn from talks to acquire The Football Pools business from Sportech.

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Gaming Innovation Group eyes acquisitions after raising new funds

Oslo-listed operator and service provider Gaming Innovation Group (GIG) is looking to raise gross proceeds of NOK45m (€4.7m) which it says will enable the company to step up efforts to pursue strategic growth opportunities.

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Sportech invites interested parties to submit best offer for The Football Pools

London-listed operator Sportech confirmed Wednesday that it has received a number of indicative proposals in respect of The Football Pools, and has asked all potential acquirers to submit their best offers for the business by mid-January 2016.

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Paddy Power Betfair merger edges closer after shareholder approval

Having been approved by the UK Competition and Markets Authority (CMA) last week, Paddy Power’s merger with Betfair has taken a major step towards completion after the shareholders of each company voted overwhelmingly in favour of the deal.

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