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  5. Betfair Acquires Portway Press

M&A Deal Summary

Betfair Acquires Portway Press

On November 29, 2006, Betfair acquired media company Portway Press for 15M GBP

Acquisition Highlights
  • This is Betfair’s 1st transaction in the Media sector.
  • This is Betfair’s 0th largest (disclosed) transaction.
  • This is Betfair’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2006-11-29
Target Portway Press
Sector Media
Buyer(s) Betfair
Deal Type Add-on Acquisition
Deal Value 15M GBP
Advisor(s) Dow Schofield Watts (Financial)

Target

Portway Press

Halifax, United Kingdom
Timeform is a brand publishing horseracing ratings, form guides and analysis. The company, founded by Phil Bull in 1948, is an essential source of reference for racing enthusiasts and is used daily by the sport’s professionals and punters.

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Buyer(S) 1

Buyer

Betfair

London, United Kingdom
Category Company
Founded 2000
Sector Gaming
Employees2,056
DESCRIPTION

Betfair Ltd. is an online betting and gaming operator. Betfair betting exchange seeks to build its content offering to customers and develop its portfolio of business and investment interests.

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2006 M&A 1 of 1
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