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Playtech CEO Supports TTB Proposal

24 february 2022
Author: James Burton
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Mor Weiser, the head of Playtech, is considering the possibility of the company's participation in the deal with TTB Partners.

The possibility of the new agreement with TTB Partners came to light after Playtech's expected merger with Aristocrat Leisure fell through. The Australian supplier's offer to buy Playtech's assets was not supported by the stockholders.

Playtech CEO supports TTB proposal

Previously, particular restrictions were imposed on TTB Partners. They prevented the company from acquiring the supplier's assets. The reason for these limitations was the participation of TTB in the negotiations between Gopher Investments (another potential buyer) and Playtech as an advisor. However, the developer's management removed the restrictions from TTB.

The Creation of the New Independent Committee

The current studio’s head Mor Weiser and former director Tom Hall have expressed their interest in the negotiation with TTB.

A new committee will be created to consider merging with the potential partner. It will include all directors except Weiser. However, Tom Hall and Mor Weiser have recently filed appropriate applications to participate in the deal. Representatives of TTB Partners made a commitment to consider these requests.

Recently, Playtech management announced that the company's assets would be sold for parts. To date, TTB representatives have not formed clear terms of the deal.

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