The BetMakers Technology Group Ltd (ASX:BET) share price is sinking on Friday after announcing a takeover proposal for Tabcorp's Wagering and Media business.
Tabcorp Holdings Limited | Company Summary | ASX:TAH ISIN:AU000000TAH8 | Australian Stock Exchange ABN Newswire abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.
BetMakers Technology Group Limited (ASX:BET) (FRA:T07) today announces that it has submitted a non-binding, indicative proposal to acquire Tabcorp Holdings Limited s (ASX:TAH) Wagering and Media business for an enterprise value of A$4.0 billion.
May 28, 2021
In Australia and antipodean iGaming pioneer Matthew Tripp (pictured) has reportedly become the third party to make an official play for the wagering and media business of local bookmaker Tabcorp Holdings Limited.
According to a report from The Australian Financial Review newspaper, the man who helped to establish online sportsbetting firm BetEasy Proprietary Limited has lodged a non-binding cash-and-scrip offer through his new BetMakers Technology Group Limited entity worth in the region of $3.1 billion. The proposed deal would purportedly see his latest endeavor hand over in the region of $768 million in cash as well as shares worth around $2.3 billion so as to take over the enterprise responsible for an estate of roughly 4,400 land-based sportsbooks spread across the length and breadth of Australia.
Fresh bets placed on Tabcorp (ASX:TAH) takeover speculation
Fresh bets placed on Tabcorp (ASX:TAH) takeover speculation
The Tabcorp Holdings Limited (ASX: TAH) share price is finding renewed support on rumours that it will get another marriage…
Brendon’s passion for shares started by accident in 2003 and he has worked in various roles around capital markets ever since as a trader, stock analyst and markets reporter with the Australian Financial Review. Most of his wealth has come from share investing than any other asset class, and that has given him the financial freedom not to work full-time, if he chooses to.