Yet another merger is in the works as Paddy Power and Betfair have announced a “possible merger”, which would result in the company rebranding to Paddy Power Betfair.
The boards on both sides have agreed on the key terms of a merger creating a match made in heaven as “one of the world’s largest public online betting and gaming companies by revenue”.
According to a press release, “The combination has compelling strategic logic and represents an attractive opportunity for both companies to enhance their position in online betting and gaming and to deliver synergies, customer benefits and shareholder value.”
After the news of a possible marriage between the companies, share prices shot up for both Paddy Power and Betfair.
Under the terms of the deal, Paddy Power would hold the majority share of the company and has a deadline of September 23, 2015 to put in an official bid.
sharpe
9 years ago
Super Hero
This is a big one, both companies are amongst the best known names in the sports betting industry and this could be a huge merger, probably it will be for the good of both bookmakers and will make this future alliance a strong force to the market. I think Betfair is much more powerful and famous in Easter Europe than Paddy...
This is a big one, both companies are amongst the best known names in the sports betting industry and this could be a huge merger, probably it will be for the good of both bookmakers and will make this future alliance a strong force to the market. I think Betfair is much more powerful and famous in Easter Europe than Paddy but the merge will increase their influence all over the continent.
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yapro123 9 years ago Full Member
Hm, this is what really interesting. Gigants of industry buying each other, merging...I think it is just good, because they will be able to provide us even better experience as such big company. For me it is incridible hard to realise both of this companies revenues, but i bet there is lot of millions...But it is just strange,...
Hm, this is what really interesting. Gigants of industry buying each other, merging...I think it is just good, because they will be able to provide us even better experience as such big company. For me it is incridible hard to realise both of this companies revenues, but i bet there is lot of millions...But it is just strange, neteller buying skrill, paddypower and betfair want to merge. What does this all mean?
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jade
9 years ago
Super Hero
Paddy Power Betfair, has a nice ring to it, don't you think. Oh, what the hell do I know. First they add multiple software and these two have a dump truck full of software by themselves. Putting the two operators together, wow.... I'm trying to imagine what it is going to look like over at LCB's casino list. This will be...
Paddy Power Betfair, has a nice ring to it, don't you think. Oh, what the hell do I know. First they add multiple software and these two have a dump truck full of software by themselves. Putting the two operators together, wow.... I'm trying to imagine what it is going to look like over at LCB's casino list. This will be one of those sites that offer so much that a couple of things can happen. If your new to gambling, this site could be overwhelming, don't ya think. If it
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