## Gaming Behemoth Aristocrat Sets Sights on Playtech with a $2.9 Billion Acquisition
A significant deal in the gaming industry is underway as Aristocrat, a leading gaming conglomerate, is set to acquire Playtech for a staggering sum of approximately $2.9 billion. The arrangement will grant Playtech’s stakeholders ÂŖ6.80 (US$9.35) in cash per share held. This offer represents a substantial increase compared to Playtech’s recent trading price.
Aristocrat views this purchase as a catalyst to propel its expansion plan, especially within the flourishing online wagering sector. Projections indicate that global internet gambling revenue will reach a remarkable $112 billion by 2025. By merging Aristocrat’s extensive game catalog and loyal customer base with Playtech’s robust online gaming infrastructure and established European footprint, the combined entity will emerge as a formidable player in the industry.
Aristocrat’s Chief Executive, Trevor Croker, highlighted the transformative nature of this merger. He stated that it would empower the unified group to capitalize on the vast opportunities presented by the rapidly expanding online gambling market, particularly in the North American region. Croker expressed confidence that this strategic move would generate enduring value for their investors.
To finance the acquisition, Aristocrat intends to secure approximately AUD$1.3 billion through a share issuance priced at AUD$41.95 per newly issued share.
Playtechs executive group noted that although the organization’s directors and a significant investor (holding almost a fifth of the company) support the buyout offer, a formal agreement is not yet in place.
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