La Francaise des Jeux has agreed to acquire Kindred Group for close to $2.7 billion, in a deal that would create one of Europe’s biggest online gambling companies. The deal follows calls for the possible sale of Kindred, which is listed in Stockholm, by Corvex Management, a New York activist investor headed by Keith Meister. The Wall Street Journal previously reported the deal was close.
Ben Dummett is a reporter for The Wall Street Journal, specializing in European mergers and acquisitions. He also contributes to Yahoo Finance and Financial News. With a focus on the financial sector, Ben's work has been featured in MarketWatch and Private Equity News.