Aristocrat Leisure’s bid for gambling software company Playtech fell through on Wednesday after the British firm’s shareholders rejected the 2.1 billion pound ($2.84 billion) offer.
Australian gaming company Aristocrat had needed approval from 75% of Playtech shareholders at Wednesday’s meeting, but less than 55% of votes were cast in favour of the deal.
Playtech’s share price rose 5% by 1348 GMT after the London-listed company said it was considering other approaches, without elaborating.
Sky News reported on Wednesday that the British online gambling firm could receive a bid from TT Bond Partners, a Hong Kong-based investment firm. TT Bond Partners had advised on an earlier bid for Playtech from Gopher Investments, but Playtech’s board has granted a request to release TT from restrictions preventing it from tabling a further offer, the report said.
