PA parent to buy Australian racing supplier RAS Technology for A$49.8m
The deal adds Australian horseracing data and supplier capability to the PA group, reshaping racing-content supply competition.
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The deal adds Australian horseracing data and supplier capability to the PA group, reshaping racing-content supply competition.
The combination would add Australian racing and sports data assets to The PA's Podium division, reshaping supplier competition.
The PA's acquisition of RAS Technology, combined with Podium, expands its sports data supplier reach into Australia.
The scheme's A$1.04 per share price and board recommendation give RAS shareholders a defined exit subject to approvals.
The PA agreed to acquire RAS Technology Holdings, owner of Racing and Sports, for about AU$49.8m in cash.
The PA's binding agreement to acquire RAS Technology would bring racing and sports data provision in-house.