Paysafe agrees terms on takeover deal
The company confirmed Friday that it had secured an agreement on the 590p per share offer that was proposed by the private equity firms in July. The deal would value the company at a premium of around 34pc to the average share price in the six months before the offer.
The acquisition will give Blackstone and CVC visibility in the online gaming sector, as Paysafe allows users to make bets online through a digital wallet.
The firm had turned down bids from a group of investors including Blackstone and CVC since early May, before considering the 590p offer last month.
Dennis Jones, Paysafe's Chairman, said the company had been on a “remarkable journey” of growth.
“The independent directors believe that Paysafe will continue to play a key role in payments innovation, leveraging the state of the art technology it has built over a number of years,” he commented.
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