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Top related persons:
Sarah Min - 2 Playtech - 1 Paddy Power - 1 Jefferies - 1 Dell - 1 AppLovin - 1 Gannett - 1 — - 1
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New York Stock Exchange - 2 Microsoft - 2 Intel - 2 UBS - 2 Snaitech - 1 Dell Technologies - 1 Mizuho Securities - 1 Gannett — Citi - 1

Search resuls for: "Snaitech"


4 mentions found


☆ UK's Playtech to sell Italian unit to Flutter for $2.56 bln
  + stars: | 2024-09-17 | by ( ) www.cnbc.com   time to read: 1 min
People walk by a banner outside of the New York Stock Exchange for the initial public offering of Flutter Entertainment, the parent company of FanDuel, on Jan. 29, 2024. British gambling technology firm Playtech has agreed to sell its Italian unit Snaitech for 2.3 billion euros ($2.56 billion), including debt, to the world's largest betting company Flutter Entertainment , the companies said on Tuesday. Flutter - the owner of FanDuel and Paddy Power - said the deal, which is expected to close by the second quarter of 2025, will add to its earnings per share immediately. The deal will see one of Italy's largest gambling companies change hands, leaving Playtech to continue its operations as a business-to-business software provider. The two parties have been in talks regarding Snaitech since August.
Persons: Playtech, Paddy Power Organizations: New York Stock Exchange, Snaitech
☆ Stocks making the biggest moves premarket: Microsoft, Intel, Shopify and more
  + stars: | 2024-09-17 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +2 min
Microsoft — Shares were up about 2% after the tech giant increased its quarterly dividend by 10.7% to 83 cents per share. Shopify — Shares of the e-commerce stock gained 2.6% after Redburn Atlantic upgraded Shopify to buy from neutral. Shopify should continue gaining market share as the U.S. social e-commerce market appears poised for explosive growth over the next few years. AppLovin — The mobile software company rose more than 2% after UBS upgraded shares to buy from neutral. Gannett — Citi upgraded the newspaper company to neutral from sell, sending shares higher by 4%.
Persons: Jefferies, Dell, AppLovin, Gannett, —, Fred Imbert, Sarah Min, Sean Conlon, Michelle Fox Theobald Organizations: Microsoft, Intel, Dell Technologies, Mizuho Securities, UBS, Gannett — Citi Locations: 4Q24
☆ Stocks making the biggest moves midday: Gannett, Accenture, Hewlett Packard and more
  + stars: | 2024-09-17 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +3 min
Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. Shopify — The e-commerce stock advanced nearly 2% after receiving an upgrade to buy from neutral at Redburn Atlantic. AppLovin — The mobile software stock advanced about 6% following a UBS upgrade to buy from neutral. Gannett — Shares soared 16% after Citi upgraded the newspaper stock to a neutral rating from sell. GE Vernova — The energy stock rallied nearly 4% after Bank of America upgraded the stock to buy from neutral.
Persons: Marie Myers, Biden, Shopify, FanDuel, Michael McGovern, Andrew Obin, Philip Morris, — CNBC's Sean Conlon, Yun Li, Sarah Min, Samantha Subin Organizations: Hewlett Packard Enterprise, Bank of America, Microsoft, Intel, UBS, Gannett —, Citi, Gannett, GE, Vectura Group, Molex Asia Holdings, Vectura, Accenture —, Bloomberg Locations: U.S
☆ FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil
  + stars: | 2024-09-17 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +3 min
FanDuel parent Flutter Entertainment will spend $2.6 billion, or 2.3 billion euros, to acquire Italian gambling company Snaitech from Playtech , adding to a string of deals that aim to boost international growth. Italy is a particularly attractive market for Flutter, as it had about 21 billion euros in gross gaming revenue in 2023. It also acquired Italian lottery and gaming operator Sisal in 2022, and just reported record online market share in Italy in the second quarter. Flutter said Snai had almost 10% market share in Italy last year and nearly 300,000 monthly active users. The new business will be renamed Flutter Brazil, and the deal is expected to close in the second quarter of 2025.
Persons: Snai, Peter Jackson Organizations: New York Stock Exchange, CNBC, NSX Group, Group, MGM Resorts, Grupo Globo, Global Locations: Playtech, Brazil, —, Italy, Massachusetts, U.S
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