Announced
Financials
Tags
Entertainment
gaming companies
gaming and keno operator
Casinos and Gambling
supporting media arm
wagering
Australia
Majority
Cross Border
Single Bidder
Acquisition
Friendly
Private
Pending
Private Equity
Synopsis
Entain, the global sports-betting and gaming group, offered to acquire the wagering and media business from Tabcorp, a gambling company in Australia, for $2.72bn. Companies entered into discussions concerning the acquisition. Transaction would be in-line with Entain’s current M&A strategy of expanding across regulated international markets. If combination is successful, the deal would create a leading, integrated multi-channel and multi-brand wagering company. On April 27, 2021, Entain has raised its bid to $2.72bn for Tabcorp's wagering and media business. The previous offer was c. $2.3bn. On May 6, 2021; Apollo Global offered to acquire Tabcorp's wagering and media business and gaming services for $3.1bn.
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