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Tabcorp Holdings Announces Acquisition Proposal Received for Wagering Media Business

28 May 2021  |  08:53:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisition proposal received for Wagering & Media business

Tabcorp Holdings announced that it has received an unsolicited, non-binding and indicative proposal from BetMakers Technology Group in relation to a possible acquisition by BetMakers of its Wagering and Media business. BetMakers has indicated that the value of its proposal is A$4.0bn which is comprised of cash consideration of A$1.0bn and new shares in BetMakers with a value of A$3.0bn. The number of shares which BetMakers proposes to issue would be fixed at the time that any potential transaction is agreed between the Company and BetMakers and would be priced at a 15% premium to the BetMakers share price at that time.

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