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The Betmakers Ltd (ASX: BET) share price is now down around 32% from where it was a week ago. What's happened to Betmakers shares?

Australian shares climb; BetMakers launches $4 billion offer for Tabcorp’s wagering and media business; base metals rally on strong US, China data; Inghams Group upgrades expected earnings.

Australia: Apollo makes $3.1b bid for Tabcorp’s betting, media units Sydney, Australia. Photo: Unsplash May 7, 2021 Private equity major Apollo Global Management has proposed to acquire the wagering and media and gaming services units of Tabcorp Holdings, the largest gambling company in Australia, for a combined value of A$4 billion ($3.1 billion). In a filing with the Australian Securities Exchange, Tabcorp said,  alternatively, Apollo offered to acquire Tabcorp’s wagering and media business alone for a value of A$3.5 billion. Tabcorp said the revised proposal is subject to numerous con...

Odds shorten on Tabcorp bidding war after new $4bn tilt Tabcorp now has three serious suitors looking at its underperforming wagering business after a global private equity giant joined the fray Business by John Stensholt Premium Content Subscriber only A bidding war has broken out for Tabcorp's wagering division and other units of the business, with the price of the combined assets set to surge above $4bn. Private equity giant Apollo Global Management lobbed a $4bn bid for Tabcorp's wagering, media and gaming services units, upping the stakes in th...

Tabcorp gets $4b offer for wagering, media and pokies arms Save Share Private equity giant Apollo Global Management has upped the ante in the battle for Tabcorp’s embattled wagering and media arm, lobbing a $4 billion bid for the business so long on condition it hands over its gaming services division too. Apollo has made a $4 billion bid for Tabcorp’s wagering, media and pokies assets.   Getty But if Tabcorp refuses to sell the gaming services arm of the business, Apollo has lobbed a second sweeter bid at $3.5 billion - up from its $3 billion in February - for the gaming and me...