Sky Media Benefits Handsomely From Online Company Sale

Sky Betting and Gaming sold for GBP 800 million – six hundred million of it in cash

The sale of Sky Betting and Gaming to private equity company CVC Capital has proved profitable for parent Sky Media, which clinched the deal for GBP 620 million in cash and the remainder of the agreed GBP 800 million consideration depending on performance criteria that have been set.
Sky Media will continue to hold a 20 percent stake in the company.
It was a good buy for CWC, too – last year Skybet made a GBP 45 million pre-tax profit and has clearly been doing well.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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