888 takeover talks continue
Tuesday 08 February 2011
The internet gambling firm 888 Holdings said takeover talks with Ladbrokes were still ongoing yesterday as it bolstered its negotiating position with strong final-quarter sales. The company, which offers casino, poker and sport betting, said an announcement regarding a potential deal with the bookmaker would be made when appropriate – following reports that discussions had hit difficulties over price. 888 posted an 18 per cent increase in operating income to $71m (£44m) in the final quarter of 2010.
Ladbrokes revealed it was in talks to buy 888 in December, following reports it had offered £240m for the company.
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