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The Stars Group completes Sky Betting & Gaming acquisition

11th July 2018 8:00 am GMT
The Stars Group

Toronto-listed gaming operator The Stars Group has completed its US$4.7bn acquisition of Britain's Sky Betting & Gaming (SBG).

The acquisition, which was first announced in April, sees PokerStars' parent company acquire the business from CVC Capital Partners and British broadcaster Sky through a combination of $3.6bn in cash and 37.9m newly-issued shares of The Stars Group.

"This acquisition represents a pivotal moment in The Stars Group's evolution," said chief executive Rafi Ashkenazi. "SBG's mobile-focused [...]

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