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A £390 million (€512 million/$588 million) leveraged loan that will support the acquisition of a controlling stake in Sky Bet by investment vehicle CVC Capital Partners is set to close, according to Reuters.
The news agency said that the loan would close after margins were increased and barriers were raised on CVC's ability to take a dividend to...
Online gaming operator Sky Betting and Gaming (Sky Bet) has become the latest company to join international sports betting integrity body ESSA.
Sky Bet’s decision to join ESSA increases the body’s total membership to 18 and further enhances the organisation’s ability to detect, deter and report corrupt sports betting within the regulated sector.
Online gaming operator Sky Betting and Gaming (Sky Bet) has unveiled plans to expand its workforce following its takeover by private equity group CVC Capital Partners.
As reported by iGaming Business, CVC will acquire a controlling stake in the operator in a deal worth up to £800 million (€1.1 billion/$1.2 billion).
In the wake of this agreement,...
Private equity group CVC Capital Partners will reportedly part-fund its acquisition of a controlling stake in igaming operator Sky Bet from UK pay-television broadcaster Sky with £390 million (€497.3 million/$590.9 million) in leveraged loans.
Under the purchase agreement, which was first announced in December, CVC will acquire a controlling stake...
UK pay-television broadcaster Sky has opted to offload its Sky Betting and Gaming (Sky Bet) igaming subsidiary to private equity group CVC Capital Partners in a deal worth up to £800m (€1bn/US$1.3bn).
Under the agreement, Sky will receive cash of £600 million on completion and further deferred and contingent considerations up to the value of £120m.