Private investment firm Centerbridge and telecommunications company Deutsche Telekom are said to make a join bid for Tipico, online operator based in Malta.
Industry sources said that Centerbridge is interested in a majority stake in the German sports betting giant. By purchasing the minority stake, Deutsche Telekom would execute its strategy to expand into new markets.
The betting company formed by three students 26 years ago is one of the market leaders now and has been valued at ca. €1 billion, the sources state.
Another potential buyers – CVC and XIO buyout groups and Sazka, lottery company from Czech Republic, are expected to make an offer before the deadline which is set for next week.
Malta-headquartered Tipico employs 5,000 people in total, 200 based in Malta. The company was granted Maltese gaming licence in 2004 and has offices also in Gibraltar, Croatia, Germany, Austria and Colombia.
The company has been a SiGMA partner since 2015, promoting its brand Tipico Careers. Watch Tipico’s HR Director, Kevin Norville’s interview here: