Business
Response to Media Speculation
Response to Media Speculation.
About this update from Playtech Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE\n \n14 August 2024\n \nPlaytech plc \n('Playtech' or the 'Company')\nResponse to Media Speculation\n \nPlaytech notes the recent media speculation that it is in discussions with Flutter Entertainment plc ('Flutter') regarding the potential sale of the Snaitech business for a value that could be about £2 billion (the 'Transaction').\n \nPlaytech confirms it is in discussions with Flutter and has granted Flutter a period of exclusivity to complete due diligence and finalise the necessary Transaction documentation.\n \nThere can be no certainty that any Transaction regarding the potential sale of the Snaitech business will ultimately be agreed, or as to its terms. Further announcements will be made as and when appropriate.\n \n- ENDS -\n \nFor further information please contact:\n \n\n\n\n\nPlaytech plc\n\n\n+44 (0) 20 3805 4822\n\n\n\n\nSandeep Gandhi, Head of Investor Relations\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nOakvale Capital LLP (Financial Adviser)\n\n\n+44 (0) 20 7580 3838\n\n\n\n\nDaniel Burns, Ines Bedoya\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nJefferies International Limited (Financial Adviser and Corporate Broker)\n\n\n+44 (0) 20 7029 8000\n\n\n\n\nPhilip Noblet, James Liddy, Tim Lloyd-Hughes, Thomas Bective\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nGoodbody Stockbrokers (Corporate Broker)\n\n\n+44 (0) 20 3841 6220\n\n\n\n\nPiers Coombs, Cameron Duncan, Will Hall\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nHeadland (PR Adviser)\n\n\n+44 (0) 20 3805 4822\n\n\n\n\nLucy Legh, Jack Gault\n\n\n\n\n\n\n\nThis announcement contains inside information for the purposes of the UK Market Abuse Regulation. The person responsible for releasing this announcement is Sandeep Gandhi (Head of Investor Relations).\n \nAbout Playtech \nFounded in 1999 and with a listing in the equity shares (commercial companies) category on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling industry with over 7,700 employees across 19 countries...