Playtech confirms approach from ex F1 boss on possible bid

by | Nov 18, 2021

Gambling software maker Playtech confirmed it has received an approach from a consortium that includes former Formula One team owner Eddie Jordan about a potential bid.
The approach from the JKO consortium is the third after Gopher Investments expressed an interest in Playtech a couple of days after it accepted Sydney-based Aristocrat Leisure’s £2.1bn offer.

Playtech said talks with JKO were “at an early stage and ongoing. As such, there can be no certainty that JKO’s approach will result in an offer for the company”.

“JKO Play Limited seeking access to certain due diligence information, in order to explore terms on which an offer for all of the issued and to be issued share capital of Playtech might be made,” Playtech said on Thursday.

It added that JKO said it was in talks with private equity outfit Centerbridge and other financiers about institutional debt and structured capital funding.

“Diligence remains on-going and no financing commitment has been provided by Centerbridge. Other sources of debt finance are also being considered,” Playtech said.

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