Shares of the firm fell 11 %
Sportingbet says ends takeover talks with bwin
(UK).- Sportingbet Plc, the web bookmaker that owns Paradise Poker, said talks about a possible takeover by Austria’;s Bwin Interactive Entertainment AG have ended.
2007-07-04
Reading time 18 seg
The discussions were terminated “mutually and amicably,” the company said today in a Regulatory News Service statement.
Shares of Sportingbet fell as much as us$ 1.26, or 11 percent, to us$ 1.04 in London, where the company is based. Bwin stock fell 14 cents, or 0.6 percent, to 23.98 euros.
Vienna-based Bwin said in March it was in talks to buy Sportingbet Plc in a transaction that would have added more than 200,000 sports betting customers in Europe.
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