Talks between the two companies are still continuing
Ladbrokes still interested in Sportingbet
(UK).- London-listed Sportingbet has informed that it is still engaged in talks with fellow online sportsbook and gaming operator Ladbrokes regarding the possibility of selling some or all of its business.
2011-09-22
Reading time 32 seg
(UK).- London-listed Sportingbet has informed that it is still engaged in talks with fellow online sportsbook and gaming operator Ladbrokes regarding the possibility of selling some or all of its business.
Sportingbet only recently finalised its purchase of Australian rival Centrebet International after nearly four months of negotiations for us$ 183 million and is also in negotiations with Gaming VC Holdings over the sale of its Turkish business.
“Talks between Sportingbet and Ladbrokes are still continuing and a further announcement will be made in due course,” read a statement from Sportingbet.
Under changes to the Takeover Code that went into effect this week, Ladbrokes now has until October 17 to announce whether it intends to make a firm offer for Sportingbet with this deadline only able to be lengthened with permission from the Takeover Panel.
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