Apollo Global Management, an alternative investment company, has continued to give a buzz in the gaming industry in recent months. First, it tried to buy William Hill; later, it reached an agreement to purchase IGT's Italian B2C gaming machine businesses; now, it is bidding $ 4 billion for Tabcorp’s wagering, media and pokies assets.
As we recently published, Entain made a first offer of $ 3 billion, which was rejected by the board. Afterwards, it increased to $ 3.5 billion.
Tabcorp has explained that the transaction is conditional on due diligence, finances, approval from regulators and its racing industry partners.
It should be noted that, before deciding, the Tabcorp board considers the possibility of either selling its media and betting business jointly or separating the unit from its lottery division and listing it as a separate company.
18+ | Juegoseguro.es – Jugarbien.es
