{"id":3360,"date":"2022-02-03T05:53:49","date_gmt":"2022-02-03T05:53:49","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2022\/02\/03\/playtech-shareholders-crush-aristocrats-takeover-dreams\/"},"modified":"2022-02-03T05:53:49","modified_gmt":"2022-02-03T05:53:49","slug":"playtech-shareholders-crush-aristocrats-takeover-dreams","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2022\/02\/03\/playtech-shareholders-crush-aristocrats-takeover-dreams\/","title":{"rendered":"Playtech Shareholders Crush Aristocrat\u2019s Takeover Dreams"},"content":{"rendered":"<div>\n<p>In a surprising turn of events, UK based gambling software developer <a href=\"https:\/\/www.playtech.com\/\" rel=\"nofollow\">Playtech\u00a0<\/a>said on Wednesday that the <a href=\"https:\/\/igaming.org\/casino-news\/playtech-agrees-to-3-7-billion-takeover-by-aristocrat\/\">long-anticipated acquisition<\/a> by Australian Aristocrat has been swept off the table. Company shareholders have rejected the takeover bid and Playtech is now considering other \u201cattractive\u201d M&#038;A proposals from third-parties.<\/p>\n<p>Aristocrat\u2019s $3.7 billion offer needed the support of at least 75% of the shareholders. Nevertheless, the results of a shareholder vote held on Wednesday revealed that more than 45% voted against the deal.<\/p>\n<p>Prior to the vote, Aristocrat CEO Trevor Croker\u00a0said in a statement.<\/p>\n<blockquote>\n<p>\u201cThe\u00a0emergence of a certain group of shareholders who built a blocking stake while refusing to engage\u00a0with either ourselves or Playtech\u00a0materially impacted the prospects for the success of our offer.\u201d<\/p>\n<\/blockquote>\n<p>Shortly after the news broke on Wednesday, Sky News reported that the British online gambling firm could soon receive a bid from TT Bond Partners, a Hong Kong-based investment firm. Playtech or TT Bond did not respond yet to the rumors.<\/p>\n<p>A week ago, news broke that Eddie Jordan\u2019s JKO is also <a href=\"https:\/\/igaming.org\/casino-news\/eddie-jordans-jko-play-does-not-proceed-with-multi-billion-pound-takeover-of-playtech\/\">out of the race<\/a> for the software development giant.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/playtech-shareholders-crush-aristocrats-takeover-dreams\/\">Playtech Shareholders Crush Aristocrat\u2019s Takeover Dreams<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a surprising turn of events, UK based gambling software developer Playtech\u00a0said on Wednesday that the long-anticipated acquisition by Australian Aristocrat has been swept off the table. Company shareholders have rejected the takeover bid and Playtech is now considering other \u201cattractive\u201d M&#038;A proposals from third-parties. Aristocrat\u2019s $3.7 billion offer needed the support of at least [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3360","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/3360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=3360"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/3360\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=3360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=3360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=3360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}