GAMBLING software firm
The acquisition is the latest in a string of high-priced transactions in the gambling space as global players look to line up for a run at the lucrative US market.
"This transaction marks an exciting opportunity in the next stage of growth for
The offer represented a 58 per cent premium on Friday's closing price and markets responded with a 57 per cent jump today.
Aristocrat, an Australian gaming company with operations in 90 countries, manufactures gambling machines for physical casinos.
The takeover will allow them to capitalise on
"The recommended offer is a full and fair value and reflects the strategic potential of the combination in a global gaming sector that continues to migrate online, as a result of technology and entrenched consumer-driven change," said Aristocrat's chief executive
Recently he told City A.M. that he thought
Late last night he told City A.M. that the "deal represents a compelling alignment of strategic interests and validates our long-held view of the value of
Ader said the completion of a deal would be a significant victory for new chairman
The deal would allow further investment into
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