Is Bwin Eyeing Sportingbet Again?
Published: Saturday, February 23, 2008 Online-Casinos.com
IS BWIN EYEING SPORTINGBET AGAIN?
Late afternoon rumours abound in London
The Independent newspaper's business pages report that persistent late afternoon rumours were circulating Friday that Sportingbet, the online gambling and gaming company which operates in Europe and Australia, is again an acquisition target for Bwin Interactive, the Vienna-listed Austrian gaming firm which abandoned a round of takeover talks with the company last year.
The speculation was that an approach was likely to be made as early as the coming week.
Last time around, Bwin was ready to table a 70p per share offer for Sportingbet.
The Independent points out that while a number of prospective deals, including the one between Ladbrokes and 888.com, and the last round of negotiations between Sportingbet and Bwin, have failed owing to legal or regulatory hurdles, some analysts have continued to argue the case for consolidation in the sector.
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