Stars Group snaps up CVC-owned Sky Bet for $4.7 bln: Reuters
Canadian gaming company The Stars Group Inc said it had agreed to buy Sky Betting and Gaming from owners European private equity firm CVC Capital Partners and Sky Plc, in a deal worth US$4.7 billion, Reuters reported. It had been expected that CVC, 80 percent owner of the online betting site Sky Bet, would list the company publicly. But Toronto-based The Stars Group announced a deal that it said would create the world’s largest publicly-listed online gaming business. The deal comprises US$3.6 billion in cash and the rest in newly-issued shares.
23 April 2018•2 mins read
