Ladbrokes Coral in talks on takeover by GVC

Gambling giant Ladbrokes is in "detailed" talks over a takeover by online rival and Foxy Bingo owner GVC in a deal worth up to £3.9bn (€4.4bn).

Ladbrokes Coral in talks on takeover by GVC
Thu, 07 Dec, 2017 - 11:24

Gambling giant Ladbrokes is in "detailed" talks over a takeover by online rival and Foxy Bingo owner GVC in a deal worth up to £3.9bn (€4.4bn).

GVC - which also owns Sportingbet and PartyCasino - has tabled a cash-and-shares approach valuing Ladbrokes at 160.9p a share, with loan notes on top worth an extra 42.8p a share.

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