Flutter to Acquire Playtech’s Consumer Arm in Major Expansion Move
17 Sep
Science & Technology

Flutter to Acquire Playtech’s Consumer Arm in Major Expansion Move

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Technology tamfitronics Flutter Entertainmentthe parent company of brands like Paddy Power and Betfairis reportedly nearing the conclusion of a milestone £2 billion acquisition of the consumer operations arm of Playtechone of the leading gambling technology providers. The acquisition signals Flutter’s ongoing commitment to expanding its global influence and portfolio.Playtech Will Focus on Its B2B BusinessAccording to a recent SkyNews report, the deal will focus on Playtech’s consumer-facing businesses, particularly the Italian sports betting operation Snitchwhich has grown into one of Italy’s largest gambling companies. This acquisition will reshape Playtech, leaving it to focus on its business-to-business (B2B) operations, which provide software solutions to the broader gambling industry.News of this strategic acquisition first surfaced in Augustwith Playtech confirming that the upcoming deal values Snaitech at £2 billion ($2.57 billion). Playtech has been enjoying a recent streak...
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Patanjali to acquire parent’s non-food biz
03 Jul
Business News

Patanjali to acquire parent’s non-food biz

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Business new tamfitronics MUMBAI: The board of Patanjali Foods (earlier known as Ruchi Soybean Industries) has approved the acquisition of the home and personal care business of parent Patanjali Ayurved for Rs 1,100 crore, the company said on Monday. The acquisition will add to Patanjali Food's product portfolio which, at present, largely consists of edible oils. Patanjali Ayurveda's HPC business covers dental care, skin care, home care and hair care.The deal will be completed by way of a slump sale and the payment will be made in five tranches, Patanjali Foods said in an exchange filing."The acquisition will bring along with it key synergies in terms of brand equity and enhancements, product innovations, cost optimisation, infrastructure & operational efficiencies and positive impact on market share," the company said.The firm and Patanjali Ayurved...
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Sonoco to Acquire Eviosys, Creating The World’s Leading Metal Food Can and Aerosol Packaging Platform, Business News
25 Jun
Business News

Sonoco to Acquire Eviosys, Creating The World’s Leading Metal Food Can and Aerosol Packaging Platform, Business News

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Business new tamfitronics PUBLISHED ONJune 24, 2024 10:00 AM Sonoco to Acquire Eviosys, Creating The World’s Leading Metal Food Can and Aerosol Packaging Platform GlobeNewswire June 24, 2024 Advances Sonoco’s Shareholder Value Creation Strategy Through Disciplined and High Return Capital Investment Transaction Value of Approximately $3.9 Billion Represents a Multiple of 7.3x 2024 Expected Adjusted EBITDA Including Synergies Rodger Fuller, Chief Operating Officer, to Lead Integration; Expect to Achieve Over $100 Million of...
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