(MENAFN) Playtech, the United Kingdom's game maker, is set on a plan to raise a total of about USD392.41 million through a share placing deal in order to finance two new transactions, the Telegraph reported.
Playtech is also considering the prospect of buying "a midsize B2C broker." The company plans to raise the money through an accelerated book build, which is fast enough to the point that the deal could be finalized in a couple of days.
"Today's equity fundraising, in conjunction with new debt facilities, which we are in the process of securing, will improve the efficiency of Playtech's capital structure whilst maintaining the financial flexibility to pursue acquisitions," the chief executive of Playtech said.
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