Sportingbet Confirmed Takeover Target
By Rocco Havel | March 8, 2007
Rumors had been swirling in the online gaming industry that Sportingbet had been approached with a buyout offer. Yesterday, the company confirmed those rumors, saying that it is, in fact, being courted.
The suitor appears to be Bwin, which operates the Ongame Network (PokerRoom.com, HollywoodPoker.com). The supposed preliminary offer of 65p per share is a 24 percent premium over Wednesday’s opening price. The stock has reflected the speculation, jumping 15 percent Wednesday and another 5 percent Thursday.
Sportingbet has said it will detail more information to the public at a later date.
Related posts:
- Possible Sportingbet Buyout in the Works
In March 2007, word came out that Sportingbet had a suitor.Austrian gambling company, and owner of the Ongame network, bwin,... - PartyGaming Reports Rough First Half
PartyGaming, operator of PartyPoker.com, reported a large first half loss for the first six months of 2006, the result of... - Fact or Fiction: Party Gaming To Team Up With Two U.S. Casinos?
The recent International Casino Exhibition (ICE) conference held in London is the cause for rumors about Party Gaming that have... - Big Names Confirmed for Party Poker World Open V
Party Poker and Matchroom Sport, the headline sponsors behind the upcoming World Open V, have revealed new details about the... - FTP Takeover Might Leave Ex Players with Nothing
According to the latest news, a huge percentage of Full Tilt Poker players waiting for a refund will get nothing...
No Comments
... yet
