{"id":147,"date":"2024-06-16T14:01:15","date_gmt":"2024-06-16T11:01:15","guid":{"rendered":"https:\/\/cryptoleocasinonodepositbonus.icu\/2024\/06\/16\/timberland-finance-makes-a-play-for-sovereign-gaming-with-a-2-4-billion-bid\/"},"modified":"2024-06-20T17:05:42","modified_gmt":"2024-06-20T14:05:42","slug":"timberland-finance-makes-a-play-for-sovereign-gaming-with-a-2-4-billion-bid","status":"publish","type":"post","link":"https:\/\/cryptoleocasinonodepositbonus.icu\/2024\/06\/16\/timberland-finance-makes-a-play-for-sovereign-gaming-with-a-2-4-billion-bid\/","title":{"rendered":"Timberland Finance Makes a Play for Sovereign Gaming with a $2.4 Billion Bid"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/gE7nWN3XhGM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Sovereign Gaming has received an updated acquisition proposal from Timberland Finance. This fresh bid is valued at a substantial $2.4 billion and is arranged in a rather unique manner. Timberland is suggesting a dual-pronged agreement: they&#8217;ll lend Sovereign $1.6 billion and subsequently present an additional $800 million that can be transformed into Sovereign shares. <\/p>\n<p>This credit line isn&#8217;t your average visit to the financial institution, however. It carries a 7-year duration and a significant interest percentage, commencing at 6% for the initial two years and then escalating to 6.5% for the remaining period.  <\/p>\n<p>Currently, Sovereign is no stranger to acquisition endeavors. They&#8217;ve been under scrutiny recently, encountering examination from a Regal Inquiry and internal probes. Nevertheless, they&#8217;ve garnered attention from numerous potential buyers. Just the previous month, Celestial Entertainment entered the fray with a consolidation proposition. <\/p>\n<p>The crucial inquiry now is whether Sovereign will embrace Timberland&#8217;s modified proposal. The executive council is still evaluating its alternatives. <\/p>\n<p>On the 22nd of March, the Blackstone Group proposed an acquisition of Crown Resorts, suggesting a purchase price of $11.85 per share, entirely in cash. Crown, nevertheless, opted to roll the dice and declined the proposition. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sovereign Gaming has received an updated acquisition proposal from Timberland Finance. This fresh bid is valued at a substantial $2.4 billion and is arranged in a rather unique manner. Timberland is suggesting a dual-pronged agreement: they&#8217;ll lend Sovereign $1.6 billion and subsequently present an additional $800 million that can be transformed into Sovereign shares. This [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sovereign Gaming Acquisition: Timberland Offers $2.4 Billion Deal<\/title>\n<meta name=\"description\" content=\"Timberland Finance has sweetened the pot, offering Sovereign Gaming a unique $2.4 billion acquisition deal. The proposal includes a $1.6 billion loan and an $800 million share option. 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