UK: Sky sells 75% of its sports betting subsidiary Sky Bet to CVC Capital Partners for €764m

News Tank Football - Paris - News #29428 - Published on 04/12/14 at 12:59

The British pay-TV group Sky plc has initially sold 75% of its stake in Sky Bet, its sports betting and online gambling operator, to the private equity firm CVC Capital Partners on 04/12/2014. The initial value of the transaction amounted to £600m (€764m), which calculates to a Sky Bet company value of £800m (€1.02bn). Sky will retain 20% stake...


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