No Sportech acquisition for Contagious

Sportech says the termination of discussions came after its board did not receive “an offer proposal from Contagious Gaming which is capable of being implemented or recommended”.

Operator and supplier Sportech first announced back in August that it had received a proposal from supplier Contagious regarding a “possible recommended offer” for the company, which would be “at a premium to Sportech’s current share price of 62.63p as at 13 August 2015 and would comprise a majority in cash and the balance in new Contagious Gaming shares”.

The deadline for Contagious to announce a firm intention to make an offer for Sportech was extended from 11 September to 9 October, and then later to 6 November, before the recent termination announcement.

Sportech has meanwhile revealed that it has recently received more than one preliminary proposal in respect of its The Football Pools product and will be reviewing the terms of these proposals in due course.

Stay updated with GI

Follow Gambling Insider for independent news, analysis and industry expertise.

Add as a preferred source on Google

Gareth Bracken

Journalist

Gareth Bracken is an experienced gaming journalist and editor who spent more than six years with Players Publishing, progressing through a range of senior editorial roles across its flagship titles, including Gambling Insider. He joined the company in 2010 as an Editorial Assistant before advancing to Staff Writer, Senior Staff Writer, Editor, and later Senior Features Writer.

Between 2011 and 2016, Gareth played a central role in shaping editorial output across print and digital platforms, producing in-depth features, news coverage and long-form analysis on the global gambling and iGaming industries. As Editor from September 2014 to October 2015, he oversaw content strategy, editorial standards and production workflows, helping guide the publication’s development as a leading B2B industry voice.

Visit Profile