France’s FDJ in talks to acquire Kindred for $2.5 billion -WSJ By Reuters

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<span>© Reuters. FILE PHOTO: Logo of French lottery group Francaise des Jeux is pictured in Bordeaux, France, November 6, 2019. REUTERS/Regis Duvignau/File Photo</span><br />
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<p>(Reuters) -French group La Francaise des Jeux is in talks to acquire online gaming company Kindred Group for around $2.5 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.</p>
<p>A deal could be announced as soon as Monday, assuming talks don’t break down, the report added. </p>
<p>FDJ and Kindred group did not respond immediately to a Reuters request for comment.</p>
<p>In November, FDJ completed the acquisition of Ireland’s national lottery operator, Premier Lotteries Ireland, for an enterprise value of 350 million euros ($381.40 million). </p>
<p>New York-based hedge fund Corvex Management has been pushing Kindred’s board since 2022 to hire a financial adviser to look at strategic alternatives, including the potential value that could be achieved via a sale or a business combination.</p>
<p>($1 = 0.9177 euros)</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/fdj-in-talks-to-acquire-kindred-for-25-billion–wsj-3279011">Source link </a></p><p>The post <a href="https://forextraderhub.com/frances-fdj-in-talks-to-acquire-kindred-for-2-5-billion-wsj-by-reuters.html">France’s FDJ in talks to acquire Kindred for $2.5 billion -WSJ By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>