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RNGX Holding notifies Brazil’s Cade of ApostaTudo asset acquisition

Deals & M&A

RNGX Holding notified Brazil’s Administrative Council for Economic Defence of its acquisition of UND Marketing, which holds ApostaTudo’s brand rights and related commercial assets. Cade will assess the transaction; RNGX says the deal would not significantly affect competition and seeks approval without restrictions. The financial terms were not disclosed.

Cade’s assessment will determine whether the ApostaTudo-related asset acquisition proceeds without competition restrictions.

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Deals & M&A

France's competition authority approves Banijay's Joa acquisition without conditions

France's competition authority has approved Banijay's planned acquisition of casino operator Joa without conditions. The review, the authority's first of a gambling transaction spanning online and land-based operations, focused mainly on poker and concluded that the deal was unlikely to restrict competition. The authority said its assessment did not account for possible future legalisation of online casino games.

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