Sportingbet owner GVC said to be gearing up for next major takeover deal; spokesperson denies interest in £5 billion Playtech merger - part 2 - Betaville.co.uk
Friday, 03 March 2017 9:49 amI see one of my favourite ex-Telegraph colleagues, Harry Wilson of The Times, has also noted GVC appears to be preparing for its next major deal by putting debt financing in place.
Tuesday, 28 February 2017 3:45 pmAccording 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.
