Kindred Group: Online gaming firm Kindred confirms takeover bid from FDJ
Online gaming company Kindred Group confirmed on Sunday it has received a cash takeover bid from French group La Francaise des Jeux.
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The offer will be announced on Monday before the market opens, Kindred said in a statement, noting that FDJ would acquire its entire outstanding share capital.
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The Wall Street Journal first reported the offer, saying it could be valued at around $2.5 billion.
FDJ did not immediately respond to a request for comment.
In November, FDJ completed the acquisition of Premier Lotteries Ireland, the national lottery operator, for an enterprise value of 350 million euros ($381.40 million).
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.
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Kindred offers online gambling services across Europe, North America and Australia to over 30 million customers through nine brands.
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Online gaming company Kindred Group confirmed on Sunday it has received a cash takeover bid from French group La Francaise des Jeux.
![]()
The offer will be announced on Monday before the market opens, Kindred said in a statement, noting that FDJ would acquire its entire outstanding share capital.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| IIT Delhi | IITD Certificate Programme in Data Science & Machine Learning | Visit |
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
| IIM Kozhikode | IIMK Senior Management Programme | Visit |
The Wall Street Journal first reported the offer, saying it could be valued at around $2.5 billion.
FDJ did not immediately respond to a request for comment.
In November, FDJ completed the acquisition of Premier Lotteries Ireland, the national lottery operator, for an enterprise value of 350 million euros ($381.40 million).
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.
Discover the stories of your interest
Kindred offers online gambling services across Europe, North America and Australia to over 30 million customers through nine brands.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
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