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Ladbrokes and 888 amicably end talks
In brief statements to the London Stock Exchange today, two of the biggest online gaming companies in the world - Ladbrokes, Plc. and 888 Holdings, Plc. - announced they've discontinued talk of a merger.
"Further to the announcement made by 888 on Oct. 30," 888 wrote, "and by Ladbrokes on Nov. 6 concerning discussions regarding a possible transaction, the board of 888 announces that the parties have amicably agreed to discontinue talks."
The two gaming and sportsbetting heavyweights had been discussing a possible buyout since October of last year, but the uncertain legal ramifications of 888's previous activity in the United States has complicated the process.
The net result of the announcement this morning was a drop in share price for 888, owner of Pacific Poker, with a 5.7% hit lowering the price to $2.31 on the London Stock Exchange.
Ladbrokes shares, however, inched up a little, increasing just over 1%.
courtesy of Christopher Hunt
News Added: 23 April, 2007
Number of views : 860
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Online Poker Site Of the Month |
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Online Casino of the Month |
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We have chosen Club USA Casino as our online casino Site of the Month. Club World Casino offers a whopping 100% to $777 bonus and accepts USA Players!.
The slots are fairly loose and we have had a good run on this site over the last month...
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Disclaimer:
People from thousands of jurisdictions access the internet. It is impossible for us to stay current with the laws of every jurisdiction. Please make sure that any activities you engage in online are legal where you live.
We have reason to believe that it may be illegal to gamble online in: Illinois, Indiana, Louisiana, Nevada, Oregon, South Dakota, Washington, Michigan, New York, New Jersey and Wisconsin. If you live in one of these states, we advise you NOT to gamble online. |
Poker News Today.com © 2005-2012 Internet Poker News
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