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Betfair sells stakes in LMAX Exchange and Kabam

13th December 2012 10:30 am GMT

Alongside publication of its first half results, Betfair has confirmed that it has agreed to dispose of its majority stake in the LMAX financial exchange business, while also selling its minority stake in social gaming company Kabam.

Betfair said that the move was part of its new organisational structure which is now based on the Exchange, sportsbook and gaming business units.

“Betfair is a gambling company and we believe that the opportunities and challenges facing this business [...]

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