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Entain first to bat with AUS $3bn cash-offer for TAB


Entain first to bat with AUS $3bn cash-offer for TAB
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April 1, 2021
Entain Plc has emerged as the first suitor to disclose its interest in acquiring Tabcorp Holdings’ TAB racing and sports betting unit, tabling an AUS $3 billion (£1.9 bn) all-cash offer to take control of the underperforming business.
The FTSE100 firm’s cash offer represents, it said, the ‘market valuation’ placed by ASX analysts on Tabcorp’s wagering unit.  
The
Australian Financial Review (AFR.com) reported, however, that Entain’s opening offer will likely be rejected by Tabcorp, which pursues a minimum valuation of AUS $3.5 billion (€2.15 bn) for TAB which maintains a number of exclusive wagering rights within Australia’s six states. ....

Steven Gregg , Entain Plc , Tatts Group , Flutter Plc Sportsbet , Tabcorp Holding , Tabcorp Holdings , Consumer Commission , Australian Financial Review , Flutter Plc , Australian Competition , ஸ்டீவன் க்ரெக் , தடட்ஸ் குழு , படபடப்பு ப்ல் விளையாட்டு , தாவல் வைத்திருத்தல் , தாவல் ஹோல்டிங்ஸ் , நுகர்வோர் தரகு , ஆஸ்திரேலிய நிதி விமர்சனம் , படபடப்பு ப்ல் , ஆஸ்திரேலிய போட்டி ,

UK betting giant Entain takes punt on Tabcorp as it eyes up Australian market


UK betting giant Entain takes punt on Tabcorp as it eyes up Australian market
Entain owns several betting companies including Ladbrokes, Coral and Sportingbet. (Photo by David Davies - Pool/Getty Images)
Ladbrokes owner Entain has today announced that it has made an offer for betting firm Tabcorp Holdings’ wagering and media business.
The non-binding indicative offer signals a desire from Entain to expand its services in Australia by becoming the country’s biggest betting company owner. ....

United Kingdom , Neds International , Tabcorp Holding , ஒன்றுபட்டது கிஂக்டம் , நெட்ஸ் சர்வதேச , தாவல் வைத்திருத்தல் ,