Playtech's Second-Largest Investor Insists on Buying Gambling Software Firm's Financial Trading Assets
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Gopher Investments wants to buy the financial trading division of the gambling software developer Playtech. PlayTech rejected Gopher's $250-million offer last week. Gophers is the second-largest shareholder of Play Tech with almost 5%. In May 2021, Play tech agreed to sell Finalto, its financial division, to a consortium led by Barinboim. The deal’s price tag was set at up to $210 million.
Playtech's second-largest shareholder wants to buy the financial trading unit of the gambling software developer Finalto. The company is already bound by the agreement it made with Barinboim. SpringOwl Asset Management, an activist investor, also supports the takeover offer made by Gopher Investment. ISS recommends against the already approved takeover bid. Setanta Asset management and other major shareholders, such as Aberdeen Standard Investments and Schroders, did not respond to requests for comment.
