© Reuters. FILE PHOTO: Emblem of French lottery group Francaise des Jeux is pictured in Bordeaux, France, November 6, 2019. REUTERS/Regis Duvignau/File Photograph
(Reuters) -French group La Francaise des Jeux is in talks to amass on-line gaming firm Kindred Group for round $2.5 billion, the Wall Road Journal reported on Sunday, citing individuals aware of the matter.
A deal may very well be introduced as quickly as Monday, assuming talks don’t break down, the report added.
FDJ and Kindred group didn’t reply instantly to a Reuters request for remark.
In November, FDJ accomplished the acquisition of Eire’s nationwide lottery operator, Premier Lotteries Eire, for an enterprise worth of 350 million euros ($381.40 million).
New York-based hedge fund Corvex Administration has been pushing Kindred’s board since 2022 to rent a monetary adviser to have a look at strategic options, together with the potential worth that may very well be achieved by way of a sale or a enterprise mixture.
($1 = 0.9177 euros)