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Amaya granted time to complete CryptoLogic acquisition

12th January 2012 9:30 am GMT

Canada’s Amaya Gaming Group has been granted an extension of three weeks to reach a potential takeover agreement with online casino and games developer CryptoLogic, affording Amaya time to complete its due diligence process and finalise its financing arrangements.

Amaya made a move to acquire the entire outstanding capital of CryptoLogic last December, with the company required under the UK’s City Code on Takeovers and Mergers to either announce a firm intention to make an offer [...]

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