Ladbrokes store

Picture copyright
Getty Photos

Playing large Ladbrokes Coral has mentioned it’s in “detailed” talks over a takeover by on-line rival GVC in a deal which might worth the group at £three.9bn.

Shareholders in GVC, which owns Bwin and Sporting Wager, would maintain 53.5% of the shares within the mixed group.

Ladbrokes Coral was fashioned final 12 months following the merger of Ladbrokes and Coral.

The utmost value GVC can pay will depend upon the result of the federal government’s overview of gaming machines.