logo-loader

NetPlay in talks to buy Sportech's football pools business

Published: 11:40 21 Dec 2015 GMT

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.

HANetf founder and co-CEO discusses shift to active management in ETF market

HANetf founder and co-CEO Hector McNeil tells Proactive's Stephen Gunnion about shifting trends in the exchange-traded fund (ETF) market in the United States, indicating a big move towards active management within ETFs. Despite the European market lagging behind the US by three to five years,...

12 hours ago