Permira eyes 888 Holdings

A report that the Permira private equity group was in preliminary acquisition talks with online gambling group 888 Holdings plc has triggered a wave of interest and speculation.The report in the Wall Street Journal cited “reliable” insider sources. Both companies made no comment on the report, which only fueled further speculation.The WSJ report speculated that a key driver from Permira’s perspective was changes in the UK market. The article observed: “A new licensing and tax regime for online gaming in the UK is clearing the air around the sector, and this makes one of the industry’s biggest players, 888 Holdings plc, a potential buyout target.”

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