Sky Sells Controlling: Difference between revisions
Nadine21E08 (talk | contribs) (Created page with "Sky sells controlling stake in gambling division in deal worth £800m A total of £800m is [https://www.tumblr.com/search/Online%20Betting Online Betting] 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. [https://www.jackpotbetonline.com/ Online Betting] Stipulated in the deal, [https://www.jackpotbetonline.com/ Online Betting] Sk...") |
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Sky sells controlling stake in gambling division in deal worth £800m A total of £800m is | 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/ Sports 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 [https://www.dailymail.co.uk/home/search.html?sel=site&searchPhrase=Sky%20Bet Sky Bet] in the market.<br><br>Sky and CVC depended on advises from Goldman Sachs and [https://www.jackpotbetonline.com/ Sports Betting] OC&C Strategy Consultants respectively. The firm claimed that the selling of Sky Bet was to meant for [http://www.sunipension.com/bbs/board.php?bo_table=1dok&wr_id=30109 sports betting] the creation of a room for thee operations to be carried out by the newly developed pan-European pay-TV. The Sky Company is also expected to retain its identity as Sky once the finalization of the [https://www.change.org/search?q=agreement agreement] license is complete. | ||
Latest revision as of 21:27, 17 January 2025
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, Sports 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 Sports Betting OC&C Strategy Consultants respectively. The firm claimed that the selling of Sky Bet was to meant for sports betting the creation of a room for thee operations to be carried out by the newly developed pan-European pay-TV. The Sky Company is also expected to retain its identity as Sky once the finalization of the agreement license is complete.