PointsBet rejects US 153m offer from News Corp consortium

PointsBet has rejected an AU$220m (US$153

PointsBet has rejected an AU$220m (US$153.2m) proffer for its Australian segmentation from Prince Rupert Murdoch’s News Corporation and digital wagering trailblazer St. Matthew the Apostle Tripp.

As reported by the Sydney Morning Herald, the bookmaker’s table - led past former UBS banker Brett Paton - turned shoot down a non-binding suggestive proffer from the News Corp Australia-led syndicate around 2 weeks ago, with the offer non set to shareholders.

That is according to wagering manufacture sources, who wheel spoke anonymously due to the secret nature of the talks.

Along with his son Lachlan, Iris Murdoch controls a multi-billion planetary media empire which includes the George Fox News Channel inward the US, the Foxtel pay-TV business sector inwards Australia, and a figure of worldwide and local newspapers such as The Australian.

But the kinsfolk also has a little wagering presence through and through ownership of racing sites Racenet and Punters.com. They formalised a partnership with Tripp - who grew Sportsbet into Australia’s second-largest bookie and naturalized BetEasy before merchandising it to Canadian River accompany The Stars Group - earliest this year.

News Corp is allay expected to set in motion an online wagering business sector at some arrange inward 2022, having already ordained former BetEasy brag Andrew Menz as its Chief Executive.

The PointsBet rejection is not expected to modification the set in motion of the unexampled company or its bookmaking licence, but it would make precondition the concern scale, and way that it testament not experience a large customer stand upon launch.

PointsBet Canada earliest this week announced a new partnership with golf club owner and manipulator ClubLink, following its ingress into the Ontario sports betting marketplace inward April.