Australian sportsbetting firm Tabcorp Holdings Limited has reportedly rejected an around $2.3 billion offer that was to have seen its wagering and media division become a part of prominent land-based and online sportsbook operator Entain.
According to a report from The Sydney Morning Herald newspaper, the Melbourne-headquartered firm received the bid from Entain early last month and disclosed that it now intends to run a three-month strategic review that could well see the branch hived off from its lucrative lotteries business following a meticulous appraisal of its worth.
Bad bid:
The newspaper reported that the rebuff was publicized by the Chairman for Tabcorp Holdings Limited, Steven Gregg, as rival bidders including the likes of Am…