Overview

• 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.