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The Stars Group acquires Sky Betting & Gaming in landmark $4.7bn deal

23rd April 2018 8:11 am GMT

PokerStars-owner The Stars Group has agreed to acquire Sky Betting & Gaming (SBG) in a US$4.7bn deal that will create the world’s largest publicly listed online gaming operator.

SBG has been acquired from private equity firm CVC Capital Partners and European sports broadcaster Sky for $4.7bn, of which $3.6bn is payable in cash and the remainder in 37.9m newly-issued shares in The Stars Group, based on Friday’s closing price of CAD$37.36 per [...]

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