‘A European gaming champion': FDJ offers to buy online gambling firm Kindred for $2.7 billion

French gambling company FDJ has offered to acquire online betting firm Kindred for $2.67 billion. The deal would make FDJ the second-largest operator in Europe and help it expand its international business. The offer for Kindred, which operates brands like Unibet and 32Red, is being made at $12.4 per share in cash, representing a 24% premium. The boards of directors of both companies have unanimously supported the offer, and Kindred has urged its shareholders to accept it. The tender offer will officially launch on February 19 and will be open for up to nine months.