Sky Sells Controlling: Difference between revisions
(Created page with "Sky sells controlling stake in gambling division in deal worth £800m A total of £800m is believed to be the amount spent by CVC Capital Partners in purchasing the Sky Bet business a firm that was owned by Sky. The deal also includes the Oddschecker an Odds comparison business. Stipulated in the deal, [https://www.jackpotbetonline.com/football-betting-events/ Online Betting] Sky was awarded with 20% [https://www.answers.com/search?q=possession possession] of the shares...") |
mNo edit summary |
||
| (One intermediate revision by one other user not shown) | |||
| Line 1: | Line 1: | ||
Sky sells controlling stake in gambling division in deal worth £800m A total of £800m is believed to be the amount spent by CVC Capital Partners in purchasing the Sky Bet business a firm that was owned by Sky. The deal also includes the Oddschecker an Odds comparison business. Stipulated in the deal, [https://www.jackpotbetonline.com/ | Sky sells controlling stake in gambling division in deal worth £800m A total of £800m is believed to be the amount spent by CVC Capital Partners in purchasing the Sky Bet business a firm that was owned by Sky. The deal also includes the Oddschecker an Odds comparison business. Stipulated in the deal, [https://www.jackpotbetonline.com/pulsar-casino-slot-review/ Online Betting] Sky was awarded with 20% possession of the shares as well as having a member in the business board. It will also get £600m cash when the two firms comes into terms with extra £120m to be paid but this will depend on the recital of Sky Bet in the market.<br><br>Sky and CVC depended on advises from Goldman Sachs and Online Betting OC&C Strategy Consultants respectively. The firm claimed that the selling of Sky Bet was to meant for the creation of a room for [https://www.purevolume.com/?s=Online%20Betting Online Betting] thee operations to be carried out by the newly developed pan-European pay-TV. | ||
Latest revision as of 19:07, 25 December 2024
Sky sells controlling stake in gambling division in deal worth £800m A total of £800m is believed to be the amount spent by CVC Capital Partners in purchasing the Sky Bet business a firm that was owned by Sky. The deal also includes the Oddschecker an Odds comparison business. Stipulated in the deal, Online Betting Sky was awarded with 20% possession of the shares as well as having a member in the business board. It will also get £600m cash when the two firms comes into terms with extra £120m to be paid but this will depend on the recital of Sky Bet in the market.
Sky and CVC depended on advises from Goldman Sachs and Online Betting OC&C Strategy Consultants respectively. The firm claimed that the selling of Sky Bet was to meant for the creation of a room for Online Betting thee operations to be carried out by the newly developed pan-European pay-TV.