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Doing deals before Christmas: Flutter Entertainment (or what you and I remember as ‘Paddy Power’)

It is nearly Christmas, thank goodness. But despite it being the day before Christmas Eve there are still a few things going on, even beyond firmer markets thanks to the German health minister this morning observing that a ‘lockdown isn't ruled out, but it's not needed right now’. No wonder markets across Europe are up a bit today. One story that surprised me this morning was the news that Flutter Entertainment (FLTR) - the business most of us remember as Paddy Power - ‘is pleased to announce the acquisition of Sisal, Italy's leading online gaming operator, from CVC Capital Partners Fund VI for a consideration of €1.913bn/£1.62bn’.

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