According to media reports in the UK, there is turbulence ahead for the Playtech business now that the Aristocrat bid has been thwarted by a group of Chinese shareholders.
A report in The Daily Telegraph yesterday said that Playtech shareholders, under the TTB Partners banner, are now considering a takeover bid themselves and that the group’s CEO, Mor Weizer (pictured), is exploring whether to join them.
TTB effectively blocked the £2.7bn bid by Aristocrat last month and is now indicating a bid of its own to take Playtech private. That bid would value Playtech at a higher level than the Aristocrat proposal.
According to Sky News today, Weizer would be joining former Playtech CEO Tom Hall in the TTB group, a prospect confirmed by other news and industry sources.
