Posts tagged: Ladbrokes

MGM launches $10 billion bid for Ladbrokes owner Entain, reveals the WSJ

Sunday, 3 January 2021, 9:36 pm

The London market hasn't even yet opened for its first full day of trading of the New Year but already there is fresh multi-billion bid on the table.

The Wall Street Journal is reporting that MGM has submitted a $10 billion takeover approach for Entain, which was formerly known as GVC and owns the bookeeper Ladbrokes. Below is the link:..


Betaville Intelligence

Sportingbet owner GVC said to be gearing up for its next major takeover deal; spokesperson denies interest in £5 billion Playtech merger

Tuesday, 28 February 2017, 3:45 pm

Sportingbet owner GVC Holdings is said to be gearing up for its next major takeover deal.

According to sources familiar with the matter, investment banks - such as JP Morgan - are said to have put in place a big debt financing package for GVC to use as funds for major M&A tansaction...


Nutmegged on Ladbrokes Coral and GVC £4.2 billion merger talks

Friday, 9 December 2016, 6:37 pm

It's always rather frustrating when you spent of a lot of time and effort trying to stack up a scoop and then a well-resourced rival publication pips you at the post. And that's what happened this afternoon when the chaps at the Financial Times and FT Alphaville ran their stories about Ladbrokes Coral and GVC weighing a £4.2 billion merger.

Here are links to Bryce Elder's market report and also the FT's follow up news report by Paul McLean and Bryce:..