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888.com is to take over cashcade?
 May 6, 2009, 8:25 am (2 years ago)According to the Reuters news service, online gambling group 888.com was in advanced discussions to obtain up to 5 companies encouraged the publication e-Gaming Review to ask CEO Gigi Levy if Cashcade was on his group’s shopping list. Levy firmly dismissed the conjecture.
It’s explicable why the publication has inquisitiveness. Cashcade, which holds Foxy Bingo, is now experiencing a bidding process. Newspaper group Independent News and Media has a twenty % shareholding in Cashcade and has to collect money as it has to pay back Euro 200 million this year, according to EGR. INM is understood to have a section in its stake-holding which may necessitate it to push a sale through. Cashcade is accessible for from GBP 70 million to GBP 100 million, as said by the sources.
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