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Potential Acquisition of 888

Business, 2006-12-08, by TwoGun

888 is one of the largest online gambling companies, owning well-known poker site 888 Poker. It will likely be soon acquired by Ladbrokes. The price tag for 888 is reportedly 490 million pounds.

888 is a public company, currently trading at 132p share. If the deal goes through, Ladbrokes would acquire 888 at 145p a share. The deal might be announced as early as next week.

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