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Betfair shares tumble following sale of Softbank’s major stake

9th July 2013 9:57 am GMT

Shares in UK-listed operator Betfair fell by nearly 5 per cent in trading yesterday after Japanese telecommunications and internet corporation Softbank sold its 10.6 per cent stake in the company, though analysts have welcomed the sale as making the operator a more attractive investment target.

Having closed at 879.5 pence on Friday, the exchange operator’s share price fell by 4.49 per cent by close of trading yesterday to 840.0 pence following the news that Softbank, Betfair’s [...]

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