International edition
September 21, 2020

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.

T

he 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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