Playtech (GB:PTEC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Playtech PLC is divesting its subsidiary Snaitech to Flutter Entertainment for a cash deal of EUR€2,300 million, aiming to refocus on B2B gambling markets and return a substantial amount to shareholders. This strategic sale represents a significant premium over Playtech’s current market valuation and is part of a broader transformation plan that includes a special dividend payout to shareholders and a strengthened balance sheet post-transaction.
For further insights into GB:PTEC stock, check out TipRanks’ Stock Analysis page.
