Digital payments business Paysafe’s board of directors has agreed to 2.96-billion-pound takeover bid from Blackstone and CVC Capital Partners.
The company announced it had secured an agreement on the 590p per share offer that was proposed by the private equity firms in July. The deal would value the company at a premium of around 34pc to the average share price in the six months before the offer.
The acquisition gives Blackstone and CVC exposure to the online gambling and gaming sectors through PaySafe’s digital wallet product, according to a report in Britain’s Daily Telegraph.
The firm had turned down bids from a group of investors including Blackstone and CVC since early May, before considering the 590p offer last month, the report said.
