DFNN offers unit’s stake to British firm

THE DIVERSIFIED Financial Network Inc. (DFNN) group has given London-based Betfair International ENC the option to acquire a 40-percent stake in an overseas unit involved in the gaming business. In a disclosure to the Philippine Stock Exchange, DFNN said Betfair would have the option to acquire the strategic stake in Interactive Entertainment Solutions Technologies (IEST),…

DFNN deal with Singaporean technology firm hits snag

MANILA, Philippines – A plan by Singaporean technology services provider Fastech Synergy Ltd. to acquire 100 percent of locally listed Diversified Financial Network Inc.’s overseas gaming technology arm Pacific Gaming Investments Pte. Ltd. (PGI) for $91 million is experiencing rough sailing. DFNN revealed yesterday it received communication from Fastech that the proposed structure for the…