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BetMakers submits $4.0bn bid to acquire Tabcorp’s Wagering and Media business

28th May 2021 10:51 am GMT

Betting technology supplier BetMakers has joined the bidding to acquire the wagering and media business of Tabcorp.

BetMakers submitted a AUD$4.0bn indicative proposal Friday to acquire the business, with the bid comprised of $1.0bn in cash and $3.0bn in shares of BetMakers Technology Group.

The share element of the proposal would be decided at the time of any agreed transaction and priced at a 15 per cent premium to the traded price of BetMakers’ shares prior to [...]

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