Slaughter and May, and Jones Day advised The Stars Group on the merger control aspects of its proposed £10 billion global merger with Flutter Entertainment.
On 31 March 2020, the UK Competition & Markets Authority granted unconditional clearance for the proposed merger following a Phase 1 investigation in a climate where many digital mergers are being sent to in-depth phase 2 reviews. This follows approvals in a number of other jurisdictions around the world.
Flutter Entertainment plc (formerly Paddy Power Betfair plc) is a bookmaking holding company created by the merger of Paddy Power and Betfair.
TSG is a global gambling and interactive entertainment operator, with leading online and mobile betting, poker, casino and other gaming-related brands. The proposed merger will create a global leader in the online gaming and betting sectors.
The Slaughter and May’s team included Philippe Chappatte (Picture), William Turtle (partner), Jackie Holland (special advisor), Joshua Esam (associate), Victoria Lang (associate), Eloise Morgan (associate).
The Jones Day team included Lorne Cantor and Leon Ferera.
Involved fees earner: Lorne Cantor – Jones Day; Leon Ferera – Jones Day; Philippe Chappatte – Slaughter and May; Jackie Holland – Slaughter and May; Victoria Lang – Slaughter and May; Eloise Morgan – Slaughter and May; William Turtle – Slaughter and May;
Clients: The Stars Group;