Paddy Power, Betfair Agree to $8 Billion Sports-Betting Merger – Wall Street Journal

LONDON—Paddy Power PLC and Betfair Group PLC on Wednesday joined a wave of mergers and acquisitions in the online-gambling industry, seeking to create a betting group with operations throughout Europe and Australia.

The transaction comes as the sector faces increased regulations that are raising competitors’ costs.

Shareholders in…


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