Monday, December 21, 2015

Football pools face takeover bid from Netplay TV

Reports suggest Netplay, backed by billionaire Teddi Sagi, is prepared to pay £100m for pools business

The football pools, long the bedrock of Britain’s gambling industry, may be about to change hands after a company backed by the billionaire owner of London’s Camden Market confirmed it was interested in a takeover bid.

Netplay TV, a £20m company listed on London’s Alternative Investment Market, asked for its shares to be suspended on Monday after it announced it was considering a reverse takeover of the larger football pools business. It said no deal could be guaranteed.

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from Mergers and acquisitions | The Guardian http://ift.tt/1Ny7UZO

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