Business
Tabcorp rejects $3b wagering bid but will explore demerger or auction – Sydney Morning Herald
Tabcorp has rejected a $3b offer from British group Entain to buy its wagering and media division but will run a strategic review that could lead to a spin-off…
Gambling giant Tabcorp has rejected a $3 billion offer from British group Entain to buy its wagering and media division but will run a strategic review that could lead to a spin-off or auction of the business.
Entain, which owns Ladbrokes, lobbed its bid for Tabcorps bookmaking business in early February, with at least one rival private equity-backed consortium expressing interest and the Murdoch familys Fox Corporation also exploring a bid.
Tabcorp said the circa $3 billion offers for its wagering…
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