SPAC Tekkorp Digital gains on report of talks to take Caliente Interactive public

Dec. 14, 2021 12:32 PM ETTekkorp Digital Acquisition Corp. (TEKK), TEKKW, PYTCFUVNBy: Joshua Fineman, SA News Editor

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  • SPAC Tekkorp Digital (NASDAQ:TEKK) gained 1.2 % after a report that it's in advanced talks to take online gambling company Caliente Interactive public in a $2.5B deal.
  • Under the deal, $250M would be invested in a PIPE by broadcaster Univision (UVN) and its shareholders with another $190M from other institutional investors, according to a Sky News report. Caliente Interactive operates primarily in Mexico.
  • London-based Playtech (OTC:PYTCF) owns about half of Caliente Interactive through a joint venture. The news comes as former Formula One team owner Eddie Jordan is reportedly part of a consortium considering making a £3bn offer for Playtech, according to a Guardian report from last month.
  • Recall October, GAN Limited is viewed favorably after Playtech attracts a suitor.

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