Bookmaker GVC in talks to buy Ladbrokes for $5.2 billion

December 7, 2017

LONDON (Reuters) – Bookmaker GVC Holdings <GVC.L> has offered to buy Ladbrokes Coral <LCL.L> for around 3.9 billion pounds to create an online global betting giant that brings together some of the biggest brands in the industry.

In a joint statement the two groups said they were in detailed talks over a deal that would give Ladbrokes Coral shareholders around 46.5 percent of the combined group, with GVC shareholders holding the rest.

(Reporting by Kate Holton, editing by James Davey)

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