Ladbrokes to buy-out 888.com ?
December 9th, 2006
On of the most respected name in Uk Bookmaking – Ladbrokes Plc – could strike a 490 million pound deal to buy online gaming group 888 Holdings Plc. as early as next week, the Daily Mail reported on Friday.
The two firms had been in talks for more than a month, the newspaper said, citing a source close to the situation. It said the takeover offer for 888 was expected to be pitched at between 140 pence and 145 pence a share.
Neither company has made an official comment.
On November 5, Ladbrokes said it was considering a possible bid for 888, as the online sector consolidates after a U.S. ban on Internet-based gambling. An industry source at the time said any deal to buy 888 would have to be “north of 470 million pounds.”
Entry Filed under: Bookie News & Bonuses,Sports News & Results
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