Tag: M&A

January 11, 2016 BY Maria Nikolova

UK competition regulator fast-tracks Ladbrokes/Coral merger to phase 2 investigation

The UK Competition and Markets Authority (CMA) today referred the proposed merger of gaming and betting provider Ladbrokes PLC (LON:LAD) and certain businesses of Gala Coral Group Limited, including Coral Retail, Eurobet Retail and Gala Coral’s online businesses for an in-depth phase 2 investigation. The CMA started its phase 1 investigation on December 16, 2015 and…

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January 08, 2016 BY Maria Nikolova

PayPoint sells online payment businesses to Capita for £14M

Payment solutions provider Paypoint plc (LON:PAY) today announces the sale of its Online Payment businesses comprising PayPoint.net and Metacharge to Capita for a cash consideration of £14 million ($20.5 million). PayPoint first unveiled its plans to dispose of its Mobile and Online businesses when it presented its full year results in May 2015. The company…

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January 08, 2016 BY Maria Nikolova

Paysafe says integration of Skrill is progressing well

Provider of online payment services Paysafe Group Plc (LON:PAYS), formerly known as Optimal Payments, today published a trading update for the year to December 31, 2015. Along with an upbeat forecast about its full-year revenue and EBITDA, the company said that the integration of digital payments business Skrill Group, the acquisition of which closed in…

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January 05, 2016 BY Maria Nikolova

bwin.party's Kalixa set to pocket €10m from Visa deal

Kalixa Payments Group, part of bwin.party Digital Entertainment Plc (LON:BPTY), is set to receive a one-off payment of approximately €10 million ($10.9m) from the sale of Visa Europe to Visa Inc (NYSE:V). The €21.2 billion acquisition of Visa Europe by Visa Inc was agreed on November 2, 2015. As one of Visa Europe's Principal Members,…

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December 21, 2015 BY Maria Nikolova

Betfair, Paddy Power shareholders approve merger proposal

A followup to LeapRate's story of the proposed acquisition of Betfair Group Ltd (LON:BET) by Paddy Power plc... Shareholders in both companies today voted in favor of the proposed scheme of the merger. The deal is set to close in the first quarter of 2016, pending certain conditions, such as sanction of the Scheme by the…

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December 17, 2015 BY Maria Nikolova

UK CMA clears merger of Betfair and Paddy Power

The UK Competition and Markets Authority (CMA) today announced that it has decided not to refer the anticipated merger of Paddy Power plc and Betfair Group Ltd (LON:BET) to a Phase 2 investigation under the provisions of the Enterprise Act 2002, thus giving its consent for the deal to proceed. Betfair expects that the deal,…

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December 16, 2015 BY Maria Nikolova

Ladbrokes, Coral Group seek to fast track regulatory approval of merger

The UK Competition and Markets Authority (CMA) today announced an invitation to comment on the proposed merger of gaming and betting provider Ladbrokes PLC (LON:LAD) and certain businesses of Gala Coral Group Limited, including Coral Retail, Eurobet Retail and Gala Coral’s online businesses. As usual, the CMA is considering whether this transaction will result in the…

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December 15, 2015 BY Maria Nikolova

bwin.party shareholders approve acquisition proposal from GVC

Earlier today shareholders in bwin.party Digital Entertainment Plc (LON:BPTY), owner of CFD and spread betting services provider InterTrader, had their say on the $1.7 billion acquisition bid from GVC Holdings PLC (LON:GVC). At a Court meeting and a General meeting, bwin.party's shareholders voted in favor of GVC's bid and also supported the scheme of arrangement of…

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December 15, 2015 BY Maria Nikolova

Plus500 declares total interim dividend of $24.4M

Retail Forex and CFD broker Plus500 Ltd (LON:PLUS) today declared an interim dividend in respect of the six-month period to June 2015 of $0.2121 per share, giving a total of $24.37 million. The announcement is in tune with an earlier statement from the company, following the cancellation of the planned acquisition of the broker by Playtech PLC…

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December 14, 2015 BY Maria Nikolova

ICE closes $5.2B acquisition of Interactive Data Corporation

In tune with an earlier announcement, international network of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) today said it completed the $5.2 billion acquisition of Interactive Data Corporation (Interactive Data), a provider of financial market data, analytics and related trading solutions. Following the deal completion, Interactive Data becomes a wholly-owned subsidiary of ICE. Interactive…

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