Deals
Entain in Talks to Buy Betting Business of Australia’s Tabcorp
- British Ladbrokes owner says discussions at an early stage
- Online sports betting is fuelling wave of global dealmaking
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Entain Plc made a non-binding offer for the wagering and media division of Australia’s largest gambling company, Tabcorp Holdings Ltd.
Discussions about a combination with Entain’s existing Australian business are at an early stage, the London-listed owner of the Ladbrokes betting chain said in a filing Tuesday. The offer could face competition as Tabcorp said the business has received “a number of unsolicited approaches and proposals” in recent weeks.