Flutter Entertainment in Exclusive Talks to Acquire Playtech's Snaitech for £2 Billion

Potential acquisition of one of Italy's largest gambling companies could significantly expand Flutter's international footprint.

Flutter is negotiating to purchase Playtech's Italian unit, Snaitech, for approximately £2 billion.
Both companies have confirmed the talks, though no formal agreement has been reached yet.
Shares of Playtech and Flutter surged following the announcement of the potential deal.
Snaitech generated €946.6 million in revenue last year, maintaining its market-leading position in Italy.
This move follows Flutter's recent shift of its primary stock market listing from London to New York.