Friday August 7, 2020

Paddy Power joins up with Betfair for 2016

Merger will create one of the world’s largest betting companies

3rd January, 2016
Paddy Power: merger with Betfair will see revenues of €1.5 billion

Last month, Paddy Power shareholders voted in favour of an €8 billion merger with Betfair. The deal will create a gambling giant with revenues of more than €1.5 billion.

“The possible merger would create one of the world’s largest public online betting and gaming companies by revenue with enlarged scale, capability and distinctive and complementary brands. The combination has compelling strategic logic and represents an attractive opportunity for both companies to enhance their position in...

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