Paddy Power shareholders back €8 billion Betfair merger

Gambling powerhouses set to become global giant

21st December, 2015
All bets are off Pic: Getty

Paddy Power shareholders have today voted overwhelming in favour of an €8 billion merger with Betfair.

At a meeting in Dublin, more than 99 per cent of investors in the Irish bookie voted for the resolutions that will pave the way to join forces with its rival.

By merging early next year, the two outfits will become an international gambling giant with revenues of between €1.5 billion and €2 billion a year – and a stock...

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