Betaville Intelligence

Sportingbet owner GVC said to be gearing up for its next major takeover deal; spokesperson denies interest in £5 billion Playtech merger

Tuesday, 28 February 2017, 3:45 pm

Sportingbet owner GVC Holdings is said to be gearing up for its next major takeover deal.

According to sources familiar with the matter, investment banks - such as JP Morgan - are said to have put in place a big debt financing package for GVC to use as funds for major M&A tansaction.

Some sources claimed GVC is interested in some kind of tie-up with Playtech, the gambling software and services company founded by entrepreneur Teddy Sagi. According to one source, GVC could be interested in a reverse merger deal that would value Playtech at £11.10 a share...

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