Canadian gaming and lottery software firm Contagious Gaming has walked away from its plans to acquire Liverpool-based pools betting operator Sportech Plc.

In August, Contagious announced that it was kicking Sportech’s tires and that the acquisition would create a “global leader in regulated pari-mutuel wagering.” But Contagious offered the standard caveat that no formal agreement was in place and there was no guarantee that the two parties would ever seal the deal.

True to form, Contagious issued a release on Friday saying it had decided not to make an offer as the parties were unable to agree on mutually acceptable terms. Sportech issued its own release, saying it hadn’t received an offer “capable of being implemented or recommended.”

The parties certainly gave the deal the old college try, having twice extended the mandatory deadlines for completing the deal, with the last extension coming on Oct. 9 and expiring on Friday. Contagious says it opted not to request a further extension.