Ladbrokes pulls out of talks with online gambling group

Ladbrokes pulls out of talks with online gambling group

Bookmaker Ladbrokes has pulled out of long-running talks over a potential £450m acquisition of online gambling group 888 Holdings, saying America’s crackdown on internet gaming had made any deal much too complicated.

Shares in 888 fell 4¾ to 117¾p after Ladbrokes said that “the parties have amicably agreed to discontinue talks”. Ladbrokes firmed 1½ to 405p.
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