Ladbrokes May Buy Pacific Poker

UK bookmaker Ladbrokes exceutives flew to Israel for preliminary talks with 888 Holdings, owner and operator of Pacific Poker, over a potential Â£470 million takeover.

Chief executive Chris Bell is reported to have met with his 888 counterpart, John Anderson, who is also formerly a Ladbrokes executive director, as well as brothers Aharon and Avi Shaked, who own 51 per cent of the online gaming business, to discuss a cash and shares offer according to the Mail on Sunday.

A spokesperson for Ladbrokes confirmed that it was looking at the online gaming firm, but said: “No decision has been made about whether a proposal will be made.” 888 Holdings confirmed that it was in talks with a number of third parties.

888 Holdings also owns online casino site 888 Casino-on-Net.

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This entry was posted on Monday, November 6th, 2006 at 9:23 pm and is filed under Online Poker, Poker Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.