Gtech swoops for Probability
Probability, the mobile gambling developer, has agreed an £18m takeover by Gtech. Probability investors are set to receive 50p for every share they hold, a nearly 60 per cent premium on the price before the offer. Probability counts Icap founder Michael Spencer and billionaire Joe Lewis among its investors. Gtech’s offer values Spencer’s stake at £2.9m and Lewis’s at £1.6m.