Sky sells majority stake in betting operation

A sports betting business formed in 2001 was today valued at £800m after broadcaster Sky sold a controlling stake in the operation.

Sky sells majority stake in betting operation
Thu, 04 Dec, 2014 - 13:20

A sports betting business formed in 2001 was today valued at £800m after broadcaster Sky sold a controlling stake in the operation.

Leeds-based Sky Bet, which also runs gaming websites such as Sky Vegas and the odds comparison site Oddschecker, will be 80% owned by funds advised by CVC Capital Partners once the deal completes early next year.

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CourtsBusinessHeathrowPlace: LeedsPlace: UKPerson: Jeremy DarrochOrganisation: SkyOrganisation: Sky BetOrganisation: Sky VegasOrganisation: OddscheckerOrganisation: CVC Capital PartnersOrganisation: CVCOrganisation: William HillOrganisation: IG GroupOrganisation: Sky ItaliaOrganisation: Sky Deutschland
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