Business
Apollo makes $4b bid for Tabcorp’s wagering, media and pokies assets – Sydney Morning Herald
The race for Tabcorp’s wagering and media business is heating up with private equity outfit Apollo Global Management ready to go toe to toe with UK bookmaker Entain….
The race for Tabcorps wagering and media business is heating up with private equity outfit Apollo Global Management matching UK bookmaker Entains $3.5 billion bid for the struggling business.
Confirming Apollo as a suitor for the first time, Tabcorp said on Thursday afternoon that the New York-headquartered outfit had also put forward a second offer, valued at $4 billion, that would see it take control of Tabcorps poker machine servicing business as well.
Apollo has made a $4 billion bid for Tabcorps…
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