Takeover talks between Betfair and private equity firm CVC Capital Partners have been terminated after Betfair rejected two new bids for the company including a final offer of 950 pence per share which would have valued the online gaming and betting operator at close to £1bn.
Last month Betfair rejected a preliminary £912m offer from CVC Capital and other investors including Richard Koch and Antony Ball, on the basis that it fundamentally undervalued the company and [...]
