Aristocrat to Buy Playtech in $3.7 Billion Gaming Deal
- Offer pitched at 58% premium to Playtech’s latest price
- Aristocrat to raise A$1.3 billion in share sale to fund deal
Aristocrat Leisure has agreed to buy British gambling software developer Playtech Plc.
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Australian slot-machine maker Aristocrat Leisure Ltd. has agreed to buy British gambling software developer Playtech Plc for A$5 billion ($3.7 billion).
The offer values London-listed Playtech at 680 pence ($9.35) per share, a premium of about 58% to the company’s last closing price on Oct. 15, Aristocrat said in a statement Monday. Shares in Playtech rose as much as 57% on Monday to 675 pence.