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Betfair takeover talks terminated; two new bids rejected

14th May 2013 7:54 am GMT

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 [...]

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