Bookie planning Betdaq takeover

Betdaq, the Dublin-based betting exchange company established nearly 13 years ago by Dermot Desmond, looks set to be taken over by British bookmaker Ladbrokes in the coming weeks.

Ladbrokes yesterday formally responded to recent speculation on the matter by confirming it is in talks with Betdaq, but stressed it is still too early to know if an agreement will be reached.

“Ladbrokes enjoys a close commercial co-operation with Betdaq and can confirm discussions, regarding a potential future acquisition,” the firm said via a stock exchange statement.