Concerns are mounting on the future of Betr, as Australian news sources report growing rifts between the owners of the company. Betr, which made its market debut during last year’s Spring Carnival, is a new Australian sportsbook venture led by Matthew Tripp’s TGW business, with the support of the Tekkorp Las Vegas fund and the Murdoch family’s News Corp media …
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Flutter Entertainment has announced that it has won a New York arbitration against Rupert Murdoch’s FOX Corporation related to the ownership terms and valuation of FanDuel. The FTSE100 gambling group has settled its 18-month legal dispute against the US media network that had initiated an arbitration on the terms of its option to acquire an 18.6% stake in FanDuel and …
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Attention has been drawn to Western Australia, as the state’s government undertakes a final bidding round to sell its WA TAB bookmaker office – a transaction that will reshape Australia’s gambling landscape. The auction sees Entain Plc once again step up to the M&A plate, as the FTSE100 gambling group bids to acquire the WA TAB as a retail asset …
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Flutter Entertainment has delayed its US Initial Public Offering (IPO) of FanDuel ahead of the resignation of Matt King, the CEO of the latter company – which is expected in the coming weeks. The FTSE 100 gambling group, which operates Paddy Power, Betfair and Sky Bet, had initially disclosed that it was pursuing a listing of a ‘small shareholding’ in …
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The landscape of European media and sports is set to be disrupted, as this weekend US telecoms and entertainment giant Comcast won the blind-bid to take majority control of Sky Plc. Tabling a £29.7 billion offer at £17.29 per share, Comcast won the blind auction for Sky hosted by the UK Takeover Panel, completing European Media’s biggest ever acquisition. Led …
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The governance of Australia ASX-listed Tabcorp Holdings has confirmed that it has completed discussions with News UK to terminate its Sun Bets joint-venture. The Sun Bets enterprise will cease trading in the coming days, with Tabcorp set to make a £40 million payment to exit its UK betting joint-venture agreement which began in 2016. Updating investors, David Attenborough Group Chief …
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Speculation and rumour are rife in the world of media and entertainment, as Rupert Murdoch controls the destiny of warring US giants Comcast and Walt Disney Co. Last week UK Culture Secretary Matt Hancock delivered the UK government’s long-awaited verdict to allow Murdoch’s 21st Century Fox to acquire European digital broadcaster Sky Plc for £12 billion. Hancock and DCMS have …
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Brain L Roberts the Chairman and Chief Executive of US telecoms and media giant Comcast has made a power play move for 21st Century Fox assets, challenging the agreed $52 billion deal between Rupert Murdoch and Walt Disney Co. Valued at $200 billion, Comcast the US’ largest cable operator and internet services provider is set to propose an alternative ‘all …
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The English Premier League has sold the majority of its TV matchday broadcast rights for the period spanning 2019-2022. Updating stakeholders, Premier League governance details that it has sold two live broadcast packages to Sky Sports and BT Sport for a total sum of £4.46 billion. The Premier League still has two packages with a combined 40 matchday broadcasts remaining …
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Global media has been shaken up by the news that Rupert Murdoch is preparing to sell 21st Century Fox and Fox Entertainment’s 39% stake in Sky UK to rival Walt Disney Co for a reported $60 billion deal (£45 billion). All eyes will be placed on today’s New York Stock Exchange opening, when Disney leaders are expected to present the …
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