..

Ladbrokes Ends Acquisition Talks With Sportingbet

Written by:
Aaron Goldstein
Published on:
Oct/10/2011
Ladbrokes Sportingbet

Ladbrokes and Sportingbet announced on Monday the two gambling firms have terminated merger talks as part of a mutual agreement.

A statement from Sportingbet on Monday said: “The boards of Sportingbet and Ladbrokes agreed to end discussions as the parties were unable to agree either a suitable structure or one that delivered sufficient value to shareholders in a meaningful time frame.”

It was widely believed that Ladbrokes purchase of Sportingbet would be contingent on the later company’s sale of its Turkish betting business, however, other concerns reportedly arose in the interim

“As stated in the company’s final results announcement last week, the board of Sportingbet remains focused on its overall strategy of providing a first class sports betting product and of increasing its exposure to regulated markets,” Andrew McIver, Sportingbet’s chief executive, stated. “The board remains highly confident of Sportingbet’s prospects as an independent company.”

Shares in Sportingbet were 19.6 per cent lower at 36¾p in afternoon London trading, while Ladbrokes’ stock slipped 2.5 per cent to 117.6p.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Rises 5.6% to $49,337.72 Sunday

Bitcoin Rises 5.6% to $49,337.72 Sunday

Bitcoin rose 5.63 % to $49,337.72 by 0800 GMT on Sunday, adding $2,628.83 to its previous close.

Bitcoin Slips Below $50k After Musk Says Tesla Won’t Take It

Bitcoin Slips Below $50k After Musk Says Tesla Won’t Take It

The price of bitcoin fell below $50,000 Thursday morning after Tesla CEO Elon Musk tweeted a day earlier that the electric car maker would stop accepting the digital currency as payment for its vehicles.

Get a Job in Cryptocurrencies

Get a Job in Cryptocurrencies

Getting a job in cryptocurrency will more than likely require a certificate or degree.  One can begin by taking online courses.  Bitcoin Theory covers the design of Bitcoin as a system as prescribed by Satoshi Nakamoto.

SpaceX Accepts Dogecoin as Payment to Launch Moon Mission Next Month

SpaceX will launch a satellite to the moon next year funded entirely with the cryptocurrency dogecoin, Canadian company Geometric Energy Corporation (GEC), which will lead the lunar mission, announced on Sunday (May 9).

Dogecoin Tumbles After Musk Calls it a "Hustle" on SNL

Dogecoin Tumbles After Musk Calls it a "Hustle" on SNL

Plus Ethereum promoter explains why he believes Dr. Craig Wright Satoshi claims

Syndicate