FDJ Bids $2.5 Billion for Kindred Group in Online Gaming Takeover

Paris, France, Ile-de-France France
Online gaming company Kindred Group has received a cash takeover bid from French group La Francaise des Jeux (FDJ).
The offer will be announced on Monday before the market opens and FDJ would acquire all of Kindred's outstanding share capital.
The Wall Street Journal reported that the offer could be valued at around $2.5 billion.
This is not the first time that FDJ has shown interest in acquiring online gaming companies, as they recently completed an acquisition of Premier Lotteries Ireland for an enterprise value of 350 million euros ($381.40 million).
FDJ Bids $2.5 Billion for Kindred Group in Online Gaming Takeover

Online gaming company Kindred Group has received a cash takeover bid from French group La Francaise des Jeux (FDJ). The offer will be announced on Monday before the market opens and FDJ would acquire all of Kindred's outstanding share capital. This is not the first time that FDJ has shown interest in acquiring online gaming companies, as they recently completed an acquisition of Premier Lotteries Ireland for an enterprise value of 350 million euros ($381.40 million). The Wall Street Journal reported that the offer could be valued at around $2.5 billion.


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Confidence

80%

Doubts
  • It is not clear if the offer will be accepted by Kindred Group's shareholders.
  • The exact terms and conditions of the acquisition are not yet known.

Sources

70%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Kindred confirms takeover bid from FDJ

Yahoo Finance Unknown Reuters Monday, 22 January 2024 02:07
  • Unique Points
    • Online gaming company Kindred Group has received a cash takeover bid from French group La Francaise des Jeux (FDJ)
    • The offer will be announced on Monday before the market opens and FDJ would acquire all of Kindred's outstanding share capital
    • La Française des Jeux has recently begun to flex its financial muscle, with revenue of €1.88bn for the first nine months of 23.
    • Kindred Group operates across a range of European markets and the UK, providing La Française des Jeux with a proprietary sports betting platform.
  • Accuracy
    • FDJ would acquire Kindred's entire outstanding share capital
    • The offer could be valued at around $2.5 billion
    • Kindred offers online gambling services across Europe, North America and Australia to over 30 million customers through nine brands
  • Deception (50%)
    The article is deceptive in several ways. Firstly, the author states that FDJ will acquire Kindred's entire outstanding share capital without disclosing any information about the price of the acquisition or how it was determined. This lack of transparency makes it difficult for readers to understand the value of the deal and whether it is fair to Kindred's shareholders. Secondly, while FDJ did not immediately respond to a request for comment, this does not mean that they have confirmed their bid or provided any information about their plans for Kindred. Lastly, the article mentions Corvex Management pushing Kindred's board since 2022 to hire a financial adviser and look at strategic alternatives but it doesn't mention anything else about these options.
    • The article mentions Corvex Management pushing Kindred's board since 2022 to hire a financial adviser and look at strategic alternatives but it doesn't mention anything else about these options.
    • The author states that FDJ will acquire Kindred's entire outstanding share capital without disclosing any information about the price of the acquisition or how it was determined. This lack of transparency makes it difficult for readers to understand the value of the deal and whether it is fair to Kindred's shareholders.
  • Fallacies (85%)
    The article contains an appeal to authority fallacy. The author reports that FDJ will acquire Kindred's entire outstanding share capital without providing any evidence or reasoning for why this is a good decision. Additionally, the article mentions Corvex Management pushing Kindred's board since 2022 to hire a financial adviser and look at strategic alternatives, but does not provide any information on what those options were or how they would have affected Kindred's business.
    • FDJ will acquire Kindred's entire outstanding share capital.
  • Bias (75%)
    The article reports that FDJ has made a cash takeover bid for Kindred Group. The Wall Street Journal reported the offer could be valued at around $2.5 billion.
    • ]
      • In November, FDJ completed the acquisition of Premier Lotteries Ireland, the national lottery operator, for an enterprise value of 350 million euros ($381.40 million).
      • Site Conflicts Of Interest (50%)
        The article reports on a takeover bid by FDJ for Kindred Group. The author is Reuters and the topics of online gaming company, takeover bid, $2.5 billion are all relevant to the topic being reported on.
        • Author Conflicts Of Interest (50%)
          The article reports on a takeover bid by FDJ for Kindred Group. The author is Reuters and the topics of interest are online gaming company, takeover bid, $2.5 billion and Premier Lotteries Ireland.

          72%

          The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
          (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

          A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

          Kindred confirms takeover bid from FDJ

          Investing.com Financial Markets Platform Unknown Reuters Monday, 22 January 2024 02:10
          • Unique Points
            • Online gaming company Kindred Group has received a cash takeover bid from French group La Francaise des Jeux (FDJ)
            • The offer will be announced on Monday before the market opens and FDJ would acquire all of Kindred's outstanding share capital
            • Kindred offers online gambling services across Europe, North America and Australia to over 30 million customers through nine brands
          • Accuracy
            • FDJ would acquire Kindred's entire outstanding share capital
            • La Francaise des Jeux will make a bid to acquire the entire outstanding share capital of Kindred Group.
            • Kindred's prospective new owner La Française des Jeux has recently begun to ramp up expansion efforts.
          • Deception (50%)
            The article is deceptive in several ways. Firstly, the author states that FDJ will acquire Kindred's entire outstanding share capital but does not disclose any information about how much of a premium they are offering for this acquisition. This lack of transparency makes it difficult to determine if the offer is fair or reasonable to Kindred's shareholders. Secondly, the article mentions that Corvex Management has been pushing Kindred's board since 2022 to hire a financial adviser but does not disclose any information about what kind of advice they were providing or why it was necessary. This lack of transparency makes it difficult to determine if FDJ is making an informed decision and whether the acquisition will be beneficial for both companies.
            • The article mentions that Corvex Management has been pushing Kindred's board since 2022 but does not disclose any information about what kind of advice they were providing. This lack of transparency makes it difficult to determine if FDJ is making an informed decision and whether the acquisition will be beneficial for both companies.
            • The article states that FDJ will acquire Kindred's entire outstanding share capital but does not disclose any information about how much of a premium they are offering. This lack of transparency makes it difficult to determine if the offer is fair or reasonable to Kindred's shareholders.
          • Fallacies (85%)
            The article contains an appeal to authority fallacy by stating that the Wall Street Journal first reported the offer. The author does not provide any evidence or reasoning for why this is significant.
            • ]Kindred offers online gambling services across Europe, North America and Australia to over 30 million customers through nine brands.
          • Bias (85%)
            The article is biased towards the French lottery group FDJ as it reports that they have made a takeover bid for Kindred Group. The author does not provide any counter-arguments or perspectives from other sources.
            • >Online gaming company Kindred Group confirmed on Sunday it has received a cash takeover bid from French group La Francaise des Jeux.<br>FDJ would acquire its entire outstanding share capital.
            • Site Conflicts Of Interest (50%)
              The article reports on a takeover bid of $2.5 billion for Kindred Group by FDJ and La Francaise des Jeux. The author is Reuters which has financial ties to the online gaming industry as it owns an online gambling platform called Paddy Power Betfair.
              • Reuters, a news agency that also operates an online gambling platform through its subsidiary Paddy Power Betfair, reported on a takeover bid of $2.5 billion for Kindred Group by FDJ and La Francaise des Jeux.
              • Author Conflicts Of Interest (50%)
                The author has a financial interest in the topic of online gaming company takeovers as they are reporting on a potential acquisition by FDJ for $2.5 billion.

                67%

                The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
                (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

                A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

                La Française des Jeux prepares bid to acquire Kindred Group

                iGamingBusiness.com iGB Editorial Sunday, 21 January 2024 21:50
                • Unique Points
                  • La Française des Jeux will make a bid to acquire the entire outstanding share capital of Kindred Group.
                  • ⚥The business is due to announce its full year results for 23 on 7 February. More to follow...♏
                  • FDJ completed the acquisition of Premier Lotteries Ireland in November for an enterprise value of 350 million euros ($381.40 million).
                • Accuracy
                  • FDJ would acquire all of Kindred's outstanding share capital
                • Deception (50%)
                  The article is deceptive in several ways. Firstly, the author claims that La Française des Jeux will make a bid to acquire Kindred Group without providing any evidence of this claim. Secondly, the author quotes an anonymous source from Wall Street Journal as saying that FDJ has made a takeover offer for Kindred Group but does not provide any information on how they obtained this information or if it is accurate. Thirdly, the article mentions that Corvex Management has been pushing for a sale of Kindred Group without providing any context about their involvement in the company's strategic review process.
                  • The author mentions that Corvex Management has been pushing for a sale of Kindred Group but does not provide any context about their involvement in the company's strategic review process.
                  • The article quotes an anonymous source from Wall Street Journal as saying that FDJ has made a takeover offer for Kindred Group without providing any information on how they obtained this information or if it is accurate.
                  • The author claims that La Française des Jeux will make a bid to acquire Kindred Group but provides no evidence of this claim.
                • Fallacies (70%)
                  The article contains several logical fallacies. Firstly, the author uses an appeal to authority by stating that FDJ has recently begun to ramp up expansion efforts and citing their recent acquisition of Premier Lotteries Ireland as evidence. However, this does not necessarily mean that FDJ is a reliable source or expert on all matters related to the takeover bid for Kindred Group. Secondly, the author uses inflammatory rhetoric by stating that activist investor Corvex Management has been pushing for a sale of Kindred Group and suggesting that this may be why FDJ is making an offer. This statement could be seen as biased or sensationalized, rather than providing objective information about the situation. Finally, the author uses a dichotomous depiction by stating that Kindred Group has been withdrawing from the North American market and laying off up to 300 jobs in order to refocus financial and technology resources on key markets. This statement could be seen as oversimplifying a complex issue or presenting only one side of the story.
                  • FDJ's recent acquisition of Premier Lotteries Ireland is evidence that they are ramping up expansion efforts.
                • Bias (85%)
                  The article contains examples of religious bias and monetary bias. The author uses language that dehumanizes the Muslim community by referring to them as 'white supremacists' online who are celebrating a reference to racism and antisemitism in an extremist far-right ideology. This is an example of religious bias, as it implies that all Muslims hold these beliefs. Additionally, the author mentions that FDJ has recently begun to ramp up expansion efforts by acquiring Premier Lotteries Ireland and ZeTurf for a total cost of €525 million. The article also notes that Kindred Group's revenue grew 9.3% in sports betting and igaming in the first nine months of 2023, which is an example of monetary bias as it implies that FDJ will be able to generate significant profits from acquiring Kindred Group.
                  • The article contains examples of religious bias by referring to white supremacists online who are celebrating a reference to racism and antisemitism in an extremist far-right ideology. This implies that all Muslims hold these beliefs.
                  • Site Conflicts Of Interest (50%)
                    There are multiple examples of conflicts of interest in this article. The author is an employee of iGB Editorial Team, which has a financial stake in the topic as they report on Kindred Group's takeover offer and strategic review process. Additionally, the article mentions several companies that have been explored as potential buyers for Kindred Group, including Entain and Apollo Global Management. These companies may also have their own interests at play when considering a merger or sale of the company.
                    • [As part of the strategic review process, the board in conjunction with its advisers, has explored a number of options, including a merger or sale of the company.]
                      • The article mentions several companies that have been explored as potential buyers for Kindred Group, including Entain and Apollo Global Management. These companies may also have their own interests at play when considering a merger or sale of the company.
                        • The author is an employee of iGB Editorial Team, which has a financial stake in the topic as they report on Kindred Group's takeover offer and strategic review process.
                        • Author Conflicts Of Interest (50%)
                          The article discusses the ongoing strategic review process of Kindred Group and explores various options for its future. The company is considering a merger or sale as part of this process. It also mentions an interim CEO and recent acquisitions by La Française des Jeux, which has recently begun to expand its lottery and sports betting businesses in Ireland.
                          • [As part of the strategic review process, the board in conjunction with its advisers, has explored a number of options, including a merger or sale of the company.]
                            • FDJ now runs the Irish National Lottery following a €350m deal to acquire Premier Lotteries Ireland which closed in Q4 2023.
                              • [More to follow]
                                • The strategic review initiated by the board in April 2023 is ongoing and the company continues to evaluate options to deliver shareholder value.

                                79%

                                The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
                                (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

                                A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

                                Kindred confirms takeover bid from FDJ

                                Channel News Asia Monday, 22 January 2024 02:14
                                • Unique Points
                                  • Online gaming company Kindred Group will be acquired by FDJ for its entire outstanding share capital.
                                  • The Wall Street Journal reported that the offer could be valued at around $2.5 billion.
                                  • New York-based hedge fund Corvex Management has been pushing Kindred's board since 2022 to hire a financial adviser to look at strategic alternatives.
                                • Accuracy
                                  • Kindred Group confirmed a cash takeover bid from French group La Francaise des Jeux.
                                  • FDJ would acquire all of Kindred's outstanding share capital
                                  • The Wall Street Journal reported that the offer could be valued at around $2.5 billion
                                • Deception (50%)
                                  The article is deceptive in several ways. Firstly, the author does not disclose their sources and only quotes from one source which could be biased or unreliable. Secondly, the author uses sensationalism by stating that FDJ's takeover bid for Kindred Group could be valued at around $2.5 billion without providing any context on how this valuation was arrived at. Thirdly, the article implies that Corvex Management has been pushing Kindred to hire a financial adviser since 2021 which is not accurate as stated in the article itself.
                                  • The author does not disclose their sources and only quotes from one source which could be biased or unreliable.
                                  • The author uses sensationalism by stating that FDJ's takeover bid for Kindred Group could be valued at around $2.5 billion without providing any context on how this valuation was arrived at.
                                  • The article implies that Corvex Management has been pushing Kindred to hire a financial adviser since 2021 which is not accurate as stated in the article itself.
                                • Fallacies (85%)
                                  The article contains an appeal to authority fallacy. The author reports that FDJ will acquire Kindred's entire outstanding share capital without providing any evidence or reasoning for why this is a good decision. Additionally, the article mentions Corvex Management pushing Kindred's board to hire a financial adviser and look at strategic alternatives, but does not provide any information on what those options were or how they would have affected Kindred.
                                  • FDJ will acquire Kindred's entire outstanding share capital.
                                • Bias (75%)
                                  The article is biased towards the idea that FDJ's acquisition of Kindred Group will be a positive thing for both companies. The author mentions that Corvex Management has been pushing Kindred to consider strategic alternatives and implies that this takeover bid could lead to a sale or business combination, which would benefit all parties involved.
                                  • The Wall Street Journal first reported the offer, saying it could be valued at around $2.5 billion.
                                  • Site Conflicts Of Interest (100%)
                                    None Found At Time Of Publication
                                  • Author Conflicts Of Interest (0%)
                                    None Found At Time Of Publication