25-02-2008 Bwin ready to offer 70p per share for Sportingbet

According to the Sunday Express, the offer is expected within the next few weeks.

Back in 2007, the Austrian bookmaker offered 65p per share for the UK betting operator, but the negotiation failed after regulatory changes in a number of markets made impossible for the two companies to agree on terms.

The new bid, if confirmed, will value Sportingbet at around £290m.