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Acquisition talks see mybet shares surge

16th July 2018 7:22 am GMT

German betting and gaming operator mybet Holding is in talks to sell its consumer-facing online business to an undisclosed strategic investor.

Mybet has signed a non-exclusive term sheet with the investor regarding the possible sale of its Personal Exchange International and PNO Casino subsidiaries, including the full and exclusive online rights to the mybet brand.

The investor aims to acquire 100 per cent of shares in the operator's Personal Exchange International and PNO Casino [...]

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