Online gambling firm Betfair rejects $1.38b takeover bid from CVC, says it 'undervalues' the company
Internet betting exchange Betfair has today rejected an initial bid from CVC Capital Partners, a private equity firm that owns the Formula One Group, on the basis that it undervalued the publicly-listed company and was “highly conditional.” The preliminary proposal from CVC Capital Partners consisted of an offer price at 880 pence...
Internet betting exchange Betfair has announced it has acquired “certain assets” from competing online bookmaker Blue Square for £5 million ($7.6m). In the announcement earlier today, Betfair noted that that the acquisition included Blue Square’s customer database, which essentially means that all Blue Square users will now be redirected towards...
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