Lottomatica to Buy CIRSA for 2.8 Billion Euros
Italys Lottomatica has agreed to buy Spanish rival CIRSA in a 2.8 billion euro all-share deal backed by Blackstone. The merger creates a betting giant valued at two billion euros in core profit.
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Lottomatica agreed on Wednesday morning to buy Spanish rival Cirsa in a €2.8 billion all-share deal. The transaction creates the world's second-largest listed gaming and sports betting firm behind FanDuel owner Flutter.
