BETMAKERS TECHNOLOGY GROUP LTD (ASX:BET) - The Next Afterpay - Perhaps its Bigger!!!!, 53382767, page-28 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by nooks: ↑

Talk is once again mounting that Matthew Tripp is moving closer to lobbing a formal offer for Tabcorp.
There is further talk in the market about a proposed merger between Tabcorp and Betmakers mooted by Mr Tripp.
Mr Tripp owns a sizable stake in Betmakers, with about 92 million shares including his performance rights.
A merger deal could see his entire interest in the company worth about $192m based on Friday’s closing share price for Betmakers of $1.50.
Suggestions are that the former Sportsbet and EasyBet boss has been carrying out soft soundings to the market about a nil premium merger since The Australian broke the news in March.
It comes after Ladbrokes owner Entain made a $3.5bn proposal to buy Tabcorp’s Wagering and Media unit for $3.5bn and Apollo Global Management put forward a $4bn offer for all of the company excluding the lucrative lotteries arm.
Tabcorp’s board is currently carrying out a strategic review with help from adviser UBS, and the outcome is expected to become known around the end of June.
One option on the table is a demerger of the Wagering and Media unit.
Parties are circling Tabcorp after discontent has been building amongst shareholders over the company’s performance since Tabcorp led an $11bn merger with Tatts in 2017.
Before the merger, the so-called ‘Pacific Consortium’ including Kohlberg Kravis Roberts, Macquarie Group, Aware Super and Morgan Stanley Infrastructure Partners made a $6bn bid for Tatts.
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.

Expand

Digital betting pioneer Matthew Tripp has plans to merge the Tabcorp wagering division with the ASX-listed Betmakers data and technology business in a deal that could unlock $5bn in value for shareholders.

in a plan that the Tabcorp board is aware of, Mr Tripp would head a combined Tabcorp wagering and Betmakers entity that would rejuvenate its digital division in Australia and seek a bigger presence in the lucrative and fast growing US online wagering market.

Fox corporation, headed by billionaire Lachlan Murdoch, and its Fox Bet brand is also understood to be interested in being part of Mr Tripp’s plan.

No.	Vol.	Price($)
1	174415	8.3¢

No.

Vol.

Price($)

174415

8.3¢

Price($)	Vol.	No.
8.5¢	96913	2

Price($)

Vol.

No.

8.5¢

96913

No.	Vol.	Price($)
1	174415	0.083
6	446635	0.082
3	155314	0.081
5	365000	0.080
5	191909	0.079

No.

Vol.

Price($)

174415

0.083

446635

0.082

155314

0.081

365000

0.080

191909

0.079

Price($)	Vol.	No.
0.085	96913	2
0.086	1500	1
0.087	87417	2
0.089	318888	1
0.090	600348	4

Price($)

Vol.

No.

0.085

96913

0.086

1500

0.087

87417

0.089

318888

0.090

600348

(20min delay)
Last 8.4¢		Change 0.001(1.20%)		Mkt cap ! $81.06M

Open	High	Low	Value	Volume
8.2¢	8.4¢	8.2¢	$57.80K	695.9K

Digital betting pioneer Matthew Tripp has plans to merge the...

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Climate change to drive market trends to the moon

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Digital betting pioneer Matthew Tripp has plans to merge the...

Top Stories

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Climate change to drive market trends to the moon

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News