Australia

Entain Makes New and Improved Tabcorp Offer

Published

4 years ago

April 28, 2021

Niji Narayan

Entain Makes New and Improved Tabcorp Offer

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The Board of Entain has confirmed that it has made a revised offer of AU$3.5 billion (Revised Proposal) to the Board of Tabcorp to acquire its Wagering and Media business (Proposed Transaction). Entain believes that the Revised Proposal is compelling both in terms of the value it represents for Tabcorp shareholders in cash, and certainty of deliverability.

The Proposed Transaction would be in-line with Entain’s current M&A strategy, and presents an opportunity to acquire an attractive business, which when combined with Entain’s existing Australian business, would create a leading, integrated multi-channel and multi-brand wagering company.

Related Topics:Board of Entain Board of Tabcorp M&A strategy

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.