![]() Sky will use the proceeds to reduce debt and reinvest in further growth opportunities.įormed by Sky in 2001, SBG grew rapidly to become one of the leading operators in the UK’s online betting and gaming markets, benefiting from a strong partnership with Sky Sports and Sky’s technology and product innovation expertise. Today’s transaction will see Sky receive c.£425 million cash and 7.6 million newly issued shares or approximately 3% of The Stars Group post completion of the deal, worth approximately £145m. This disposal follows the initial sale of Sky’s majority stake in SBG to CVC Capital Partners (“CVC”) in 2015 which, taken together, will crystallise a total value of c.£1.2bn for Sky shareholders. ![]() ![]() (“The Stars Group”), a Canadian company listed on both the Toronto and Nasdaq stock exchanges, which specialises in online gaming. Sky has agreed to sell its 20% stake in the online betting and gaming business, Sky Betting & Gaming (“SBG”) to The Stars Group Inc. ![]()
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