May 7, 2021
American private equity behemoth Apollo Global Management Incorporated has reportedly joined the race to buy the wagering and media business of Australian bookmaker Tabcorp Holdings Limited after lodging an official bid worth in the region of $3.1 billion.
According to a Thursday report from The Sydney Morning Herald newspaper, the all-cash move comes a little over a week after British land-based and online sportsbook operator Entain made an improved $2.7 billion offer of its own for the same segments of the Melbourne-headquartered firm. This proposition is currently being considered and may well purportedly soon be followed by a second rival tender from American media conglomerate Fox Corporation in partnership with local iGaming pioneer Matthew Tripp.
Renewed Tabcorp Holdings Limited interest from Entain worldcasinodirectory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcasinodirectory.com Daily Mail and Mail on Sunday newspapers.
February 2, 2021
Fresh from rebuffing a $11.1 billion takeover offer from MGM Resorts International and prominent land-based and online sportsbook operator Entain is now reportedly attempting to buy a significant portion of Australian sportsbetting giant Tabcorp Holdings Limited for an undisclosed amount.
According to a report from the Bloomberg news service, the London-listed firm behind the United Kingdom’s Ladbokes and Coral-branded estate of land-based bookmakers recently made a non-binding offer for the wagering and media division of its Melbourne-headquartered counterpart so as to give it extra scale in the region.
Domestic dominance:
The news service reported that
wagering and media is the second most lucrative branch of Tabcorp Holdings Limited’s overall operation after generating 40% of its revenues for the year to the end of June at approximately