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CVC Capital acquires controlling stake in Sky Bet for £800m

4th December 2014 8:17 am GMT

Private equity firm CVC Capital Partners has agreed to acquire a controlling stake in Sky Betting & Gaming, the online gaming subsidiary of UK broadcaster Sky plc, in a transaction valued at £800m.

Formed in 2001, Sky Bet has grown to become one of the leading operators in the UK online betting and gaming market.Through its strong partnership with Sky Sports, Sky Bet currently operates across a number of verticals including sports betting, casino gaming, [...]

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