7th December 2017, 19:02
Two Gibraltar based gambling companies are in detailed merger talks, which if successful will create one the world’s largest betting groups worth up to £5.7bn, according to the Financial Times.
This is the third time in a year that Bookmaker Ladbrokes Coral and gambling group GVC have entered into discussions.
In a joint statement, the Boards said the enlarged group would be an online-led globally positioned betting and gaming business that would benefit from a multi-brand, multi-channel strategy.
Under takeover rules, GVC has until 4th January to make a firm offer for Ladbrokes or withdraw.