When it happens (for now it is assumed that the merger will be completed in the first quarter of the next year) it will become the leading international sports betting and online gambling company in the United Kingdom, parts of Europe and Australia. After the finalization, Paddy Power shareholders will own 52% of the company while Betfair shareholders will get 48% of the issued share capital of 1.4b. Final agreements will precise the details, but the fact is that the new company, “Paddy Power Betfair Plc”, will become one of the world’s largest online betting and gaming companies..
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