Business
John Wylie’s Tanarra Capital tests fund appetite for Tabcorp – The Australian Financial Review
The former investment banker has been working with a group of industry super funds to consider making a play for the company.
Tabcorps wagering business makes about $400 million a year and analysts reckon it is worth more than $2.5 billion.
It comes after Tabcorp said it had received several approaches for its gaming and wagering unit.
The bidders are understood to include Ladbrokes owner Entain, which is listed in the UK and owns a handful of gaming and wagering companies, as well as a private equity-led offer.
Wylie is one of a handful of Tabcorp investors who has been calling for change at the company. Tanarra has a…
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