Australia’s BetMakers Technology makes $3.1 billion bid for Tabcorp’s wagering business

Industry:    2021-05-28

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.

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