More 888.com Sale Rumours
Published: Friday, December 08, 2006 Online-Casinos.com
MORE 888.COM SALE RUMOURS
Negotiations have been ongoing for the past month claim sources
The persistent rumours that giant British betting group Ladbrokes is intent on buying online gambling group 888.com surfaced again as the week ended, with the Daily Mail newspaper predicting that the former would clinch a GBP 490 million on the sale as early as next week.
The two firms have been in talks for more than a month, the newspaper said, citing a source close to the situation. It said the takeover offer for 888 was expected to be pitched at between 140 pence and 145 pence a share.
On November 5, (see previous Online-Casinos.com/InfoPowa reports) Ladbrokes said it was considering a possible bid for 888, as the online sector consolidates after a U.S. ban on Internet-based gambling financial transactions.
Neither company had commented as Online-Casinos.com/InfoPowa went to press.
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