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Flutter Entertainment, the parent company of Paddy Power Betfair, has agreed a deal to acquire all of the shares in The Stars Group (TSG) and merge with the operator to form a combined business with annual revenue of £3.8bn (€4.3bn/$4.7bn).
Under the agreement, which would create the largest online betting and gaming operator globally, Flutter would exchange 0.2253 new shares in exchange for each TSG share, with Flutter shareholders owning approximately 54.64% of shares in the combined business and TSG shareholders 45.36%.
Source: https://www.igamingbusiness.com/news/stars-group-and-flutter-entertainment-agree-mega-merger
Under the agreement, which would create the largest online betting and gaming operator globally, Flutter would exchange 0.2253 new shares in exchange for each TSG share, with Flutter shareholders owning approximately 54.64% of shares in the combined business and TSG shareholders 45.36%.
Source: https://www.igamingbusiness.com/news/stars-group-and-flutter-entertainment-agree-mega-merger