Friday, December 22, 2017

Ladbrokes Coral agrees £4bn takeover by online rival GVC

Cash and shares tie-up will create online-led global gambling giant with Foxy Bingo owner controlling 53.5% of enlarged group

The high street bookmaker Ladbrokes Coral has agreed to a takeover by online rival GVC in a deal worth up to £4bn.

It comes after the pair said earlier this month they were in “detailed” discussions over a cash and shares tie-up.

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from Mergers and acquisitions | The Guardian http://ift.tt/2pda1Qp

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