Britain apos;s Playtech Receives Takeover Approach From JKO Play Limited

Nov 17 (Reuters) - Online gambling software developer Playtech Plc said it had received a takeover approach from JKO Play Limited, a company controlled by former F1 boss Eddie Jordan and Keith O'Loughlin, a former executive at U.S.
slot machine maker Scientific Games.

JKO is seeking access to due diligence information in order to explore the terms of a potential takeover offer, Britain's Playtech said in a statement, the latest in a series of takeover interest for the firm.

Playtech said it put out the statement in response to media speculation of the possible takeover offer and without JKO's prior consent.

JKO could not immediately be contacted for a comment.

The news was first reported by Sky News, which said website that Jordan was part of a consortium plotting a bid for Playtech of over 3 billion pounds ($4.05 billion).

JKO had indicated to Playtech it was in discussions with New York-based Centerbridge Partners L.P.
to provide institutional debt and structured capital funding, Playtech said, adding that Centerbridge had not yet made any financing commitments.

Centerbridge did not immediately respond to a Reuters request for comment.

Playtech said discussions with JKO were at an early stage and there was no certainty they will result in a takeover offer.

The takeover approach comes after Australian gambling machine maker Aristocrat Leisure said last month it would buy Playtech for 2.1 billion pounds.

Weeks later, Playtech said it was in talks with its second-biggest shareholder, Gopher Investments, over a possible takeover offer.

($1 = 0.7416 pounds) (Reporting by Juby Babu in Bengaluru; Editing by Ana Nicolaci da Costa and Emelia Sithole-Matarise)


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