Advertisement
Canada markets close in 2 hours 35 minutes

  • S&P/TSX

    21,993.88
    +108.50 (+0.50%)
     

  • S&P 500

    5,112.98
    +64.56 (+1.28%)
     

  • DOW

    38,310.92
    +225.12 (+0.59%)
     

  • CAD/USD

    0.7317
    -0.0006 (-0.08%)
     

  • CRUDE OIL

    83.81
    +0.24 (+0.29%)
     

  • Bitcoin CAD

    87,128.09
    -993.89 (-1.13%)
     

  • CMC Crypto 200

    1,323.96
    -72.57 (-5.20%)
     

  • GOLD FUTURES

    2,349.20
    +6.70 (+0.29%)
     

  • RUSSELL 2000

    2,003.68
    +22.56 (+1.14%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,972.20
    +360.44 (+2.31%)
     

  • VOLATILITY

    15.04
    -0.33 (-2.15%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6837
    +0.0016 (+0.23%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Playtech says no longer pursuing SPAC deal for unit of peer Caliente

Reuters
Updated ·1 min read
FILE PHOTO: Gambling cubes and chips are seen in front of displayed Playtech logo in this illustration taken

(Reuters) - UK gambling software provider Playtech said on Friday it had stopped pursuing talks with Caliente Interactive for the Mexican sports betting firm's unit Caliplay to list publicly in the United States via a SPAC deal, citing weak capital market conditions.

Playtech currently receives a fee for the software and services it provides to Caliplay and has an option agreement with parent Caliente to buy 49% of the unit plus a right to buy new shares in the new vehicle, should Caliplay be bought out.

London-listed Playtech said it was exploring other alternatives.

"Both parties (Playtech and Caliente) also continue to have discussion with the SPAC (special purpose acquisition company) and its associates regarding this alternative opportunity," Playtech said.

ADVERTISEMENT

Earlier this month, Hong Kong-based investment and advisory firm TTB Partners abandoned a takeover bid for Playtech, blaming challenging market conditions.

(Reporting by Eva Mathews in Bengaluru; Editing by Shailesh Kuber)