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Ladbrokes Looking to Buy 888.com
888 Holdings Logo
Sunday, December 10, 2006
UNITED KINGDOM – As reported by UK This is Money: "A £490M takeover of online gambling group 888 by bookmaker Ladbrokes is imminent. The two companies have been in talks for over a
888 Holdings Logo month and a source close to the situation said a deal could be struck as early as next week.
"An offer for 888 is expected to be pitched at between 140p and 145p a share, netting millions for the two sets of brothers who founded the internet poker and casino group.
"Aaron and Avi Shaked and Shay and Ron Ben-Yitzhak still own about two-thirds of 888 - worth over £300m.
"…The acquisition would beef up Ladbrokes' online gambling operation, increasing liquidity on its poker sites, while providing software capability that it currently outsources…"
888 Holdings plc
Suite 601-701
Europort
Gibraltar
Suite 601-701
Europort
Gibraltar
Phone: +350 40617
Toll Free Phone: (800) 480-5170
Fax: (268) 481-4860
Email: support@888.com
Website: www.888.com
Toll Free Phone: (800) 480-5170
Fax: (268) 481-4860
Email: support@888.com
Website: www.888.com
| 888.com is the parent company of Casino-on-Net and Pacific Poker. Casino-on-Net is arguably the world's most popular online casino. The casino uses software designed by Random Logic and features high quality slots and games. The site offers a good bonus with reasonable withdrawl rules, secure transactions, and a wide range of betting limits. Easy to navigate and fun to play, Casino-on-Net has earned its place as a recommended online casino. |
Ladbrokes plc
Imperial House, Imperial Drive
Rayners Lane, Harrow
Middlesex HA2 7JW
United Kingdom
Rayners Lane, Harrow
Middlesex HA2 7JW
United Kingdom
Phone: +44 (0)208 868 8899
Fax: +44 (0)208 868 8767
Website: www.ladbrokes.com
Fax: +44 (0)208 868 8767
Website: www.ladbrokes.com
| Ladbrokes is one of the world's leading bookmakers, with the biggest estate of betting offices in the world, telephone betting via three state of the art call centres, and world class eGaming operations offering an extensive range of betting and gaming services via www.ladbrokes.com as well as interactive TV and mobile betting services. The business remains focused on growth both at home and in the increasingly competitive global marketplace. |