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Sky generates £600m profit from sale of controlling stake in Sky Bet

3rd August 2015 7:58 am GMT

UK satellite TV broadcaster Sky generated a profit of £600m from the sale of a controlling stake in Sky Bet, with the online gaming business contributing revenue of £158m for the eight and a half month period up until the disposal in March.

Sky Bet’s results were presented as discontinued operations in Sky’s results for the year ended June 30th following the sale of a controlling stake in the business on March 19th to funds advised [...]

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