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Playtech agrees €846m acquisition of Snaitech

12th April 2018 6:15 am GMT
Playtech

London-listed gaming solution provider Playtech has agreed an €846.0m deal to acquire Italian gaming operator Snaitech.

The company has reached an agreement with Snaitech shareholders Global Games and OI Games to acquire their 70.6 per cent shareholding in the business, which will be followed by a mandatory takeover offer for the remaining shares.

The overall transaction is expected to complete in the fourth quarter or this year and will be funded by a combination of existing cash [...]

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