Sportingbet confirms Ladbrokes preliminary approach

Eric Bianchi
June 23, 2011
4 Comments

sportingbet ladsSportingbet may soon get the lads holiday they never had after that rowdy bunch has made an approach over at Ladbrokes. The company that recently completed the acquisition of Centrebet made a statement earlier today that stated they’ve received a very preliminary bid approach from the lads. How early is very preliminary anyways? Is it as early as when you haven’t gotten any for a while? Who knows!

The statement from Sportingbet read, “Further to recent press speculation, the board of Sportingbet announces that it has received a highly preliminary approach from Ladbrokes plc, which may or may not lead to an offer being made to purchase the entire issued and to be issued share capital of the Company. There can be no certainty that any offer will be forthcoming or as to the terms of any such offer.”

Shares in Sportingbet also saw a spike yesterday after rumors had been flying around. At 9am this morning, they were up 11.8% at 47p with Ladbrokes experiencing no change.

Ladbrokes has yet to come out with any comment and the move comes after the company failed in a bid to jump into bed permanently with 888.com. CEO Richard Glynn has also been on a mission to rearrange the company due to the Feng Shui not being up to his refined standards. The lads also renewed acquaintances with Microgaming recently in the first deal to be renegotiated since Glynn’s diatribe on certain deals.

As for summer holidays, tour t-shirts sporting witty nicknames and numbers on the reverse are already being rushed off the presses and Ayia Napa should ready itself. These two firms do have iGaming in their blood after all.

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Tags: Article, Ladbrokes, Sportingbet
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