Playtech, one of the world’s leading providers of software and content for online casinos, will find out in the next few weeks whether TTB Partners will come up with a firm takeover bid or not.
The iGaming company has been facing an uncertain future over the past few months after Aristocrat Leisure Limited, the Australian slot machine manufacturer, has made an offer of 3 billion dollars to take over the business.
That bid led to public interest in the sale from two competitors, JKO Play and Gopher Investments, and that made the deal a lot more complicated than it might have seemed at first.
The two competitors eventually withdrew from the race without even making an actual bid, and the whole saga ended in February 2022 when the Playtech shareholders voted against the Aristocrat takeover bid.
After the Aristocrat deal collapsed, Playtech revealed that TTB Partners manifested their interest in taking over the company. The discussions have registered some progress, but now TTB must either make an actual offer or withdraw their interest before 5pm on 17 June. TTB has been considering the offer for Playtech for the past 15 weeks.