..

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

Satoshi Nakamoto a Troll Killer?

Satoshi Nakamoto a Troll Killer?

Cyber-bullying is a real thing and now punishable with up to a year in prison in Japan.

You Can Bet on the Price of Ethereum

You Can Bet on the Price of Ethereum

If you feel it's too risky to own some Ethereum due to price fluctuations, no worries.  Now you can simply place bets on where the price of Ethereum will be at various time frames.  You can also use Ethereum to place bets on BetOnline.

Granath v Wright Trial Concludes: Ruling Forthcoming

Magnus Grath vs. Dr. Craig Wright was set to determine if Grath's hateful tweets against Wright can be deemed as lawful in a Norway court.  Proving slander is not enough to have an individual held liable for their actions in the Nordic nation.  Those actions include allegedly mocking a man with autism, including the use of hashtags.

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

One witness claims to have seen the Bitcoin white paper provided by Dr. Wright prior to its launch. “It was like I’d seen a ghost," he testified after seeing the white paper years later when Bitcoin was already becoming all the rage.

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Canadian accounting firm MNP published a report in November 2021 titled “The Search for a More Efficient Blockchain,” found that BSV was the most efficient network of those it investigated. This was due to BSV’s unbounded transaction processing capacity and the network’s use of more up-to-date hardware.

Syndicate