Business
Why the BetMakers (ASX:BET) share price is surging 12% higher today
BetMakers Technology Group Ltd (ASX: BET) shares are up by nearly 12% this morning after the company released a big market announcement. At the time of writing, the BetMakers share price has rocketed to 71.5 cents, just shy of its 52-week high of 76 cents. This comes on the back of a key development in a proposed acquisition for the company.
Why is the BetMakers share price on the move?
BetMakers announced on 1 December 2020 that it was set to acquire Sportech PLC‘s (LON: SPO) racing and digital assets. Today, BetMakers announced the Sportech board has terminated talks with another third party, Standard General.
The board has also urged shareholders to vote in favour of the resolution to approve the disposal of the assets to…
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