Online gambling company Kindred Group confirms takeover bid by France’s FDJ

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Online gambling company Kindred Group confirms takeover bid by France’s FDJ
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Kindred Group confirmed Sunday that La Française des Jeux SA has made an acquisition bid, which would create one of Europe’s largest online gambling companies.

In a statement Sunday, Kindred said its board has been evaluating options to “deliver shareholder value” since April 2023, and that the takeover bid is expected to be announced before markets open Monday.