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ARB Interactive wins bid for Publishers Clearing House for $7.1 million

Deals & M&A

ARB Interactive, the company behind Modo Casino, won the bid to acquire bankrupt Publishers Clearing House, reportedly paying $7.1 million and assuming $378,000 in outstanding expenses. The transaction remains subject to court approval, and ARB said it plans to develop PCH’s digital business with mobile-first, interactive and free-to-play games.

Court approval will determine whether ARB can add PCH’s sweepstakes business to its online operations.

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Deals & M&A

Capula takes €65 million positions in CIRSA-Lottomatica merger

Capula Investment Management has taken positions in CIRSA and Lottomatica ahead of their proposed merger, reportedly seeking to benefit from a difference in their share prices and the exchange value. Its declared CIRSA exposure is about €30 million, while its short position in Lottomatica is valued at about €35 million; the integration is planned for Q2 2027, subject to approvals.

Capula Investment Management has reportedly taken positions in CIRSA and Lottomatica ahead of their planned merger. The arbitrage strategy seeks to benefit from differences between the companies' share prices and the value resulting from the deal.

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