April 28 - Online Gambling giants and London listed groups
Ladbrokes and
888.com
have announced that talks regarding a takeover
have been suspended following failure to agree terms. The announcements ends
speculation about a mega gambling group...
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888.com |
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Ladbrokes and 888
have been in discussions since October last year.
Terms of a deal could not be agreed after what was reported to be "intense
negotiations".
A major area of contention was the concern of non-executive directors that
Ladbrokes could become the victim of legal ramifications related to the US
online gambling ban, and that indemnity against 888.com's previous US operations
was impossible.
Ladbrokes share price went up following speculation of a possible private
equity deal.
Read our
888.com review and
Ladbrokes.com review. Both operators do no accommodate US players.
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