Playtech will pay up to €280m for a number of affiliated businesses owned by its principal shareholder, it was reported in the Financial Times yesterday.
Reportedly a one-stop solution for operators targeting regulated markets, the deal came ahead of the expiry this month of call options on the affiliated assets of PT Turnkey Services, which was owned by family trusts of Teddy Sagi, a 40 per cent shareholder in Playtech.
Assets include marketing and customer services, payment advisory operations and businesses for hosting servers. Playtech bought a number of affiliated assets owned by Sagi in 2008 and placed them in William Hill’s online business in return for a 29 per cent share of the division.
William Hill won an interim injunction last month to protect its legal rights overs its joint venture with Playtech. According to the Financial Times, Playtech denied that its purchase of PTTS was in any way connected to the injunction.
