GVC, Ladbrokes Coral merger talks collapse

[The Buzz]

In case you missed it last week, GVC Holdings attempted to acquire Ladbrokes Coral, but had its offer declined.

From the Financial Times:

According to two people close to the discussions, the talks have since broken down and are no longer active. But they are the latest sign that British gambling groups are preparing for a fresh round of consolidation, with dealmaking disrupted as the industry braces for further regulatory crackdowns from UK authorities.

According to two people with knowledge of GVC’s proposal, it valued Ladbrokes Coral at roughly 140p or £2.7bn. However, the online gambling company also proposed an additional uplift of around 50p depending on the outcome of the regulatory review into the sector. This could have pushed the final price up to £3.6bn.

Most of you probably remember that GVC Holdings was the target of the APCW's J. Todd earlier this year because of the much-publicized Cashcade affiliate program debacle. To refresh your memory, here is a video from March: https://youtu.be/kCf-npBCFm4

Read the entire Financial Times article here: https://www.ft.com/content/a7ec7eab-...3-b3c04956386c

Also, read a report about the situation from Poker News Daily here: https://www.pokernewsdaily.com/gvc-ladbrokes-coral-merger-talks-collapse-30265/

[TheBoyMitchell]

Wow. Well that would explain a lot

[Triple7]

GVC and Ladbrokes together! That would be an awesome collection of affiliate "friendliness".

[Madz]

Sorry if I take some of the seriousness off this issue but who is that guy in the video? I have watched a few from him on here and he is a funny dude! He nails it every time, he reminds me a little of Saul Goodman.

Anyway kudos to him and his team and thank you for fighting the good fight and making this sh!t more understandable for people like me

[TheBoyMitchell]

That's the industry legend that is Jay Todd. Watch and learn

[TheBoyMitchell]

Or is it? Looks way to healthy for Jay.