11th Oct 2018 14:39
LONDON (Alliance News) - The UK Competition & Markets Authority said on Thursday it will not be referring Stars Group Inc's purchase of Sky Betting & Gaming to a phase two investigation.
The deal, announced April, will see Stars buy the gambling company off CVC Capital Partners and Sky PLC in a mixed cash and share offer worth USD4.7 billion.
Sky, which itself has since been bought by Comcast Inc, held a 20% stake in Sky Betting & Gaming before selling it in June, with CVC having the rest.