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Kindred Group said La Française des Jeux has offered to acquire its entire outstanding share capital, potentially forging one of the largest online gambling companies in Europe.
A formal announcement on the cash offer is expected to be made on Monday morning before the market open, Kindred said in a statement Sunday. The Wall Street Journal earlier reported that FDJ, as the French casino and gaming company is also known, was in talks to buy the business for roughly $2.5 billion.
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