@@ -1,1 +1,1 @@ - +The prolonged battle to acquire Playtech will continue into mid-summer after one of its most prominent investors was given another month to make an offer.<br>Investment firm TTB Partners was previously given until 5pm today to make a 'put or shut up' offer for the gambling software developer, but now has until 15 July to 'clarify its intentions.'<br>Talks regarding a takeover by the Hong Kong-based group were first confirmed back in early February, just after a failed £2.1billion bid for Playtech by Aristocrat Leisure, an Australian slot machine manufacturer.<br> Further Extension: TTB [https://discover.hubpages.com/search?query=Partners Partners] was previously given until 5pm today to make a 'put or shut up' offer for Playtech, but now has until 15 July to 'clarify its intentions'<br>A majority of Playtech shareholders voted in favour of that 680p-per-share proposal, but still far below the 75 per cent threshold required for it to be accepted.<br>Prior to that point, a consortium led by businessman and ex-Formula One team boss Eddie Jordan had been in discussions regarding a £3billion offer, while Gopher Investment was likewise considering a rival bid.<br>TTB Partners was an adviser on the latter deal, also worth around £3billion, before it collapsed in late November and the company decided to make its own move.<br> RELATED ARTICLES Share this article Share Last month, analysts at Peel Hunt described the extended talks between the two parties as progressing at the pace of a 'council of snails', which they suggested may be the result of 'volatile markets.'<br>However, they said the latest deadline extension was an 'encouraging sign' and has held its buy recommendation and 800p target price for investors.<br>In a statement released this morning, Playtech said: 'This is not an announcement of a firm intention to make an offer, and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.'<br>The company's note to shareholders comes just two days after it revealed that regulators had approved the $250million sale of its financial trading division Finalto to Gopher Investments. <br> Founded in Estonia back in 1999 and headquartered in the Isle of Man, Playtech designs software for online gaming applications such as internet poker and bingo, sports betting and fixed-odds arcade games.<br>Clients have included some of the UK's biggest bookmakers, ranging from Betfair to William Hill and Ladbrokes, Poland's national lottery operator and Dutch hospitality group Holland Casino.<br>It has operations across 30 jurisdictions, including Italy, Poland and the United States, where it signed a deal with Warner Bros five years ago to make slot games based on DC Comics movies, such as the Dark Knight Trilogy and Suicide Squad.<br>Playtech has also been taking advantage of the liberalisation of sports betting laws across multiple US states to forge new partnerships with gambling businesses capitalising on these legal changes. <br>And in Britain, one of its subsidiaries, internet and mobile software provider Virtue Fusion, operates News UK's Sun Bingo and Fabulous Bingo websites.<br> closed trading 0.6 per cent lower at 461.2p on Friday, although their value has plunged by 29 per cent in the past six months.<br> <br><br>#fiveDealsWidget .dealItemTitle#mobile display:none<br>#fiveDealsWidget display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px<br>#fiveDealsWidget div, #fiveDealsWidget a margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif<br><br>#fiveDealsWidget .widgetTitleBox display:block; float:left; width:100%; background-color:#af1e1e;<br>#fiveDealsWidget .widgetTitle color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; <br>#fiveDealsWidget a. 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