Gopher Investments offers to pay breakup fee if Playtech ends Barinboim-led deal

  • 7/9/2021
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July 9 (Reuters) - Gopher Investments, one of Playtech’s biggest shareholders, said on Friday it has offered $10 million to the gambling software maker as breakup fee, if the company accepts its $250 million offer for Playtech’s financial trading unit. Playtech would have to pay a consortium led by Israeli private equity group Barinboim $8.8 million if its investors vote against a $210 million deal, agreed to in May, for its trading unit Finalto. Reporting by Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta Our Standards: The Thomson Reuters Trust Principles.

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