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888.com and Ladbrokes sale rumours
 December 8, 2006, 2:42 pm (4 years ago)The persistent rumours about the giant British betting and gambling group Ladbrokes is intent on buying online gambling group 888.com surfaced again as the week ended, with the Daily Mail newspaper predicting that the former would clinch a GBP 490 million on the sale as early as next week.
The two firms have been in talks for more than a month, the newspaper said, citing a source close to the situation. It said the takeover offer for 888 was expected to be pitched at between 140 pence and 145 pence a share.
On November 5, (see previous InfoPowa reports) Ladbrokes said it was considering a possible bid for 888, as the online sector consolidates after a U.S. ban on Internet-based gambling financial transactions.
888 is considered to be one of the companies that was most injured by the unlawful internet gambling ban, the company operates 888.com Online Casino along with Pacific Poker and 888.tv for skill games channel.
Neither company had commented as we went to press.
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