tabcorp Mathew Tripp thread, page-24

Part 2:

At that time, Ladbrokes was lined up to take the wagering arm.

Some believe another all of company takeover attempt makes sense, although the lotteries arm would be a big bite for any player and Macquarie is not thought to be currently working on a deal.

Mr Tripp is working with investment bank Goldman Sachs, say sources.

The Australian earlier reported a deal between Tabcorp’s wagering division and the $1.2bn data and technology Betmakers business could unlock $5bn in value for shareholders.

This year, Mr Tripp reached a strategic advisory and shareholding deal with Betmakers as part of a $75m raising.

Mr Tripp is understood to have made a bid for Tabcorp over the Christmas period after Steven Gregg had been appointed the company’s chairman.

However, it is understood that the offer was rebuffed.

Some Tabcorp shareholders have backed a spin-off of the wagering and media arm to be headed by Mr Tripp.

With respect to Tabcorp’s strategic review, chief executive David Attenborough, who was expected to retire, will stay on throughout the review and will not step down until it has a more certain future.