Paddy Power Betfair £5 billion merger

Overview:

• UK and Ireland gaming brands Paddy Power and Betfair have completed their merger.
• The new company (Paddy Power Betfair) has 600 betting shops in UK, Ireland and Italy, with over 7000 staff and is listed on the LSE. It is headquartered in Dublin.
• The deal sees each company maintain separate brands with Paddy Power shareholders owning 52% of the combined business, with Betfair investors owning the remaining 48%.

Sam Duke - Editor