GVC takes over Ladbrokes Coral
The acquisition and merger wave in the online gambling industry is not yet at an end. After barely a month of negotiations, GVC and Ladbrokes Coral struck a deal. GVC acquires Ladbrokes for a maximum amount of 4.5 billion euros. Ladbrokes receives 46.5 percent of the shares of the new combination GVC Ladbrokes Coral. GVC will soon own 53.5 percent of the shares. Together, GVC and Ladbrokes Coral accounted for a turnover of around € 3.4 billion, of which € 1.6 billion through online gambling. GVC Ladbrokes Coral will soon become the new global market leader.