When buying bookies, you win some, you lose some. Just ask 888

The collapse of the online bookie’s three-way merger doesn’t mean there won’t be more takeovers in the sector. It’s a racing certainty that there will

Not all gambles pay off, clearly, otherwise the bookies would never make any money.

But it must be galling for betting operator 888 to take a punt on a joint £3bn bid with Rank for William Hill, only to see it fall apart in short order when the target refused to play.

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from Mergers and acquisitions | The Guardian http://ift.tt/2bqtxTu