However, Unibet maintains an ongoing dialogue with a number of firms in the sector
Unibet and Sportingbet abandon merger talks
(Sweden / UK).- Stockholm-listed online gambling company Unibet Group said this week its preliminary talks over a potential merger with UK Sportingbet have been discontinued, commenting on media reports over the weekend.
2010-11-19
Reading time 19 seg
However, Unibet maintains an ongoing dialogue with a number of companies in the sector, the company said.
Last Sunday, the Sunday Times reported, citing unnamed sources, that the two players had held discussions to combine their operations and that further talks were expected over the coming weeks. A potential merger would have reportedly created a company with a market value of us$ 953 million.
Yesterday, Unibet's Swedish depository receipts (SDRs) climbed over 5% on the stock exchange in Stockholm driven by the merger speculations.
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