Ladbrokes in acquisition talks with 888

12-22-2010

The merger between Bwin and Party Gaming was the biggest news of the year for the gambling industry. The merger process has been great for both the companies.The merger of Bwin and Party Gaming is still on the covers when the industry has been hit by another merger. Recently, the Sunday Telegraph reported news of yet another potential merger. The operators for this merger are 888 and Ladbrokes.

According to the press both the companies has made preliminary talks over the merger issue. As per the information Ladbrokes offered 888 to pay them 70 pence per share or £240 million.

Prior to this merger talks, Ladbrokes had tried to acquire the rights of 888 four years back. However the deal was not completed as the US authorities instigated its investigations on the gambling groups.

Ladbrokes made a statement:: "There can be no assurance that these negotiations will eventually lead to an proposal for 888 being made, neither as to the terms of any such offer."


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