Kambi today (4 September) released a statement claiming it is not in discussions around a possible acquisition of the business.

According to media reports this week, multiple sources had suggested an approach had been made by betting data supplier Genius Sports. Previous rumours had touted MGM Resorts as another potential buyer for the business.

In the wake of the rumours, Kambi’s share price rose more than 14% today to over SEK131 [$12.75], a six-month high for the business.

In a note sent to investors, however, Kambi chairman Anders Ström poured cold water on the speculation. He said: “While Kambi tends not to comment on rumour and speculation, I can confirm that Kambi is not engaged in any such discussions.”

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