Consumer Discretionary
888 is unlikely to accept a takeover offer for the time being, according to CTFN's industry sources. This follows an article in the Sunday Times reporting that Playtech made a £1.56 per share offer for the company earlier this year. DraftKings has also held talks with certain 888 shareholders about an acquisition, but CTFN's sources said the company's founding shareholders, the Shaked family, would be unlikely to accept even a £2 per share deal. 888 is operating under new leadership and has a favourable debt package that gives it until 2027 to execute a turnaround.
Edition: 175
- 08 December, 2023