From MarketWatch:

Kindred Group has confirmed a bid of $2.5 billion from La Française des Jeux SA, potentially creating one of Europe’s largest online gambling companies. Kindred has been evaluating options to “deliver shareholder value” since April 2023 and is expected to announce the takeover bid before markets open on Monday. FDJ, based in Paris, offers online sports betting and gambling and operates France’s national lottery. Kindred, headquartered in Malta, offers online gambling over nine brands in Europe, North America, and Australia and announced its exit from the North American market in November 2023 to focus on its core market in Europe.



Read more: Online gambling company Kindred Group confirms takeover bid by France’s FDJ