Australian wagering platform operator BetMakers Technology Group Ltd said on Friday it had submitted an indicative offer to acquire larger betting firm Tabcorp Holdings Ltd’s wagering and media business for A$4 billion ($3.10 billion).
BetMakers said Tabcorp would receive A$1.0 billion in cash and A$3.0 billion in shares as part of the consideration if the proposal proceeds.
Source: Reuters.com