LONDON, UK: Flutter Entertainment (LON:FLTR) announced the acquisition of Tombola, one of the UK market’s leading online bingo operators, for an enterprise value of £402 million. Tombola, with teams primarily located in Sunderland and Gibraltar, is a successful bingo-led gaming company with an emphasis on providing a low staking bingo proposition to a highly engaged…
LEAF Mobile announces £130 million IPO on LSE
LONDON, UK: LEAF Mobile Inc. (TSX: LEAF), a leading Canadian free-to-play mobile game group, announced its intention to conduct an initial public offering (IPO) and join the Main Market of the London Stock Exchange (LSE) this winter. LEAF Mobile Inc., which started trading its common shares on the Toronto Stock Exchange (TSX) on February 10th,…
Hyve Group to acquire 121 Group for up to £50 million
LONDON, UK: Hyve Group, the next-generation global events business, has agreed to acquire 121 Group (HK) Limited and 121 Partners Limited (121 Group) for initial consideration of $28 million. The estimated total consideration after earn-out is expected to be between approximately £42 million and £50 million. 121 Group is a market leading omnichannel meetings programme…
Sanofi invests $180mn in Owkin’s artificial intelligence and federated learning
PARIS, FRANCE: Sanofi announced an equity investment of $180 million and a new strategic collaboration with Owkin comprised of discovery and development programmes in four exclusive types of cancer, with a total payment of $90 million for three years plus additional research milestone-based payments, a news release said. Owkin, an artificial intelligence (AI) and precision…
Recticel to sell its bedding business to Aquinos for EUR 122.4mn
BRUSSELS, BELGIUM: Recticel has entered into a binding agreement to sell its bedding business line to the Portuguese privately owned Aquinos Group. Under the terms of the agreement the bedding business line, will be sold to the Aquinos Group for an enterprise value of EUR 122.4 million. The transaction is expected to be closed in…
TechnipFMC partners Orbital Marine Power to accelerate tidal energy
PARIS, FRANCE: TechnipFMC (NYSE: FTI) signed a Memorandum of Understanding with Orbital Marine Power (Orbital), a pioneer of tidal energy technology, to jointly collaborate in tidal energy to accelerate the global commercialization of Orbital’s technology and deliver the first commercial scale floating tidal field. Orbital’s unique floating turbine, the most powerful in the world to…
Treasury Wine Estates acquires Frank Family Vineyards for $315mn
SYDNEY, AUSTRALIA: Treasury Wine Estates Limited (ASX:TWE) has reached an agreement to acquire Frank Family Vineyards (FFV) in the United States at a transaction value of $315 million, a news release noted. Frank Family Vineyards (FFV) is a highly-acclaimed luxury wine business based in the Napa Valley, California, with a long-term track record of delivering…
Gaming Stocks to Perform Better in Q4 of 2021
The COVID-19 pandemic and its resulting restrictions have had far-reaching impacts, particularly on the gaming and entertainment industry. While lockdowns saw temporary closures for the casino industry, online gaming saw a boost thanks to consumers’ search for alternatives. As a result, casinos have started to negotiate partnerships with online gaming studios. The transition from physical…
Ballymore Resources goes for 100% ownership of Ravenswood Project
SYDNEY, AUSTRALIA: Ballymore Resources Limited will move to 100% ownership of the Ravenswood Project following the acquisition of the remaining 49% interest in the project.Ballymore Resources has executed a binding Termination and Asset Sale Agreement – Ravenswood Project to acquire the remaining 49% interest in the Ravenswood Project in consideration for issuing 2.0 million ordinary…
Financial Advice For The Future: What Investments To Choose?
Planning for the future is always a difficult thing to do. If we aren’t sure what will happen in twenty months, we can hardly imagine what will happen with investments and money in twenty years. However, we still should plan for the future and try to invest as much as we can. People who wish…
A Guide To Using Tank Monitoring System To Make Runouts A Thing Of The Past
People who work with oil and gas tanks have a tough job. The management of these tanks means ensuring the long-term safety and reliability of the structures while making sure that they’re not adversely affected or impacted by spills, leaks, and other accidents. This is true whether you run a small operation on your own…
European Healthcare Acquisition & Growth Company completes EUR 200mn private placement
AMSTERDAM: European Healthcare Acquisition & Growth Company B.V., a Dutch operators-led special purpose acquisition company aiming to acquire one or more companies in the European healthcare sector, completed its private placement of 20 million units, each consisting of one share and one-third of a warrant, at a placement price of EUR 10 per unit for…