(Reuters) – Betting firm Flutter Entertainment is in talks to buy Snaitech, one of Italy’s largest gambling companies, from UK’s Playtech in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported on Wednesday.
Playtech shares rose 17% following the news.
($1 = 0.7791 pounds) (This story has been refiled to correct the day from Tuesday to Wednesday in paragraph 1)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Varun H K)
