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Takeover bid for Paysafe

590p per share offer

There's been a £3 billion takeover bid for a Manx-based UK-listed online payments group, which focuses on the online gambling industry.

Paysafe's board is considering a 590p per share in cash buyout from CVC Capital Partners, and Blackstone - two groups - one offer.

The valuation represents 14 times company earnings before interest, taxes, depreciation and amortisation.

The groups first approached Paysafe in May, but their offer was rejected.

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