TORONTO — Online gambling operator The Stars Group Inc. announced Saturday that it acquired Sky Betting & Gaming in a cash and stock transaction valued at US$4.7 billion.
The Stars Group says the acquisition will make them the largest publicly listed online gaming company.
The acquisition was made off CVC Capital Partners and Sky plc.
The company says it will benefit from an increased presence in regulated markets and better revenue diversification after the transaction.
The Stars Group says it already boasts the largest betting player base in the United Kingdom.
The company also recently acquired gaming companies CrownBet and William Hill Australia.
Companies in this article: (TSX:TSGI)
The Canadian Press