Tabcorp agrees to acquire BetMakers for AU$267 million
Tabcorp agreed to acquire all issued shares in BetMakers for AU$267 million under a proposed scheme announced on Monday. Shareholders would receive AU$0.24 per share in cash, with an option to take some consideration in Tabcorp shares, subject to a 25% cap on the transaction value. Completion requires shareholder and court approval, competition clearance and gaming and racing authority consent.
The proposed acquisition could combine wagering operations and technology, but depends on shareholder, court, competition and authority approvals.