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TF1 confirms sale of gaming and betting subsidiary SPS

14th April 2011 8:53 am GMT

French media giant TF1 has confirmed the sale of its online gaming and betting subsidiary SPS, which operates the EurosportBET brands in both France and the UK, to SOLFIVE – a company whose partners include SPS CEO Olivier Ou Ramdane.

TF1 said that is has signed an agreement to sell 100 per cent of its shares in SPS, with the sale expected to take place within the next few weeks, subject to clearance from French regulatory [...]

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