BetMakers Responds to Media Speculation on Tabcorp Acquisition
Key points
- BetMakers confirms preliminary discussions with Tabcorp regarding a potential change of control transaction
- No formal offer received and discussions have ceased
- BetMakers maintains an ongoing commercial relationship with Tabcorp
Full summary
BetMakers Technology Group Ltd (ASX:BET) has responded to media speculation regarding a potential change of control transaction by Tabcorp Holdings Limited (ASX:TAH). BetMakers confirms that it was approached by Tabcorp and that preliminary and informal discussions have taken place regarding a potential change of control transaction. However, BetMakers states that while those discussions were at an early stage and highlighted opportunities for BetMakers' wagering technology products, no formal offer was received and discussions have ceased. BetMakers maintains an ongoing commercial relationship with Tabcorp, supplying wagering technology and content distribution services in support of Tabcorp's racing and media operations.
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