Gambling firm Playtech said talks with TTB Partner were still ongoing and “progress continues to be made” but added that it was “conscious that TTB has been considering a possible offer for Playtech for 15 weeks”.
An independent committee formed by Playtech said it was still exploring options for maximising shareholder value, and said the group’s strong performance has continued through April and into May.
TTB is Playtech’s second largest investor and started talks after a bid from Australian firm Aristocrat Leisure was scuppered by a group of Asian investors with a blocking minority stake.
Playtech earlier this month said adjusted EBITDA for the first three months of the year topped €100m.
The strong performance was driven by both the B2B and B2C businesses, Playtech said. Meanwhile, Italian business Snaitech has seen the same trends continue from the second half of last year, with an “excellent” start to the year driven by the online business, retail recovery and favourable sports results.
In February Playtech said chief executive officer Mor Weizer plans to team up TTB on a potential offer for the group.
