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NetPlay in talks to buy Sportech's football pools business

Prior to the advent of the purely luck-based national lottery, the football pools were the favoured - if statistically improbable - route to millionaire status of the man in the street
NetPlay in talks to buy Sportech's football pools business
East Fife 4 - Forfar 5: it'll happen one day ...

NetPlay TV (LON:NPT) has confirmed press speculation it is in talks to acquire the football pools business of Sportech (LON:SPO).

The interactive gaming company cautioned, however, that talks are at a very preliminary stage and issued the usual caveat that there is no guarantee the transaction will take place.

If it does happen, however, then it would constitute a reverse takeover under the rules of the Alternative Investment Market (AIM); as such, trading in the company's shares on AIM has been suspended pending the outcome of the talks.

Shares in Sportech rose 5% to 59.875p on the news while Netplay's shares were down 0.11p on the day at 7.27p before being suspended.

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Netplay TV Plc Timeline

February 02 2017
September 13 2016
January 14 2016

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