La Française des Jeux (FDJ) has entered negotiations to acquire Zeturf Group.
FDJ says the acquisition is part of its strategy to bolster its presence in France, entering verticals where it does not yet operate such as horse-race betting and poker.
Zeturf operates in the online betting market for horseracing under the brand Zebet.
The sportsbook has around 100 employees and recorded €800m ($800.8m) in bets in 2021, including over €100m in B2B bets.