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Offer Rejected - Betfair Takeover Collapses

20.05.2013 | Antoan Tok

This Monday the potential £1 billion takeover of Betfair collapsed, because the offer was rejected. The talks between Betfair and a consortium, which is led by CVC Capital Partners, ended on Monday at 5 pm after a 24-hour extension. Betfairs chairman Gerald Corbett said that a £985m cash offer is too low. Corbett and the board decided that none of the proposals represented adequate value.

Tags: betfair , betfair takeover

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