{"id":17653,"date":"2021-05-07T15:30:19","date_gmt":"2021-05-07T15:30:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17653"},"modified":"2026-04-23T19:44:49","modified_gmt":"2026-04-23T22:44:49","slug":"apollo-makes-us3-10bn-offer-for-tabcorp","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/apollo-makes-us3-10bn-offer-for-tabcorp","title":{"rendered":"Apollo makes US$3.10bn offer for Tabcorp"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Apollo Global Management has put two new offers on the table for Tabcorp, one equaling the offer made by Entain last week and one offering US$3.10bn for including its gaming services business.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.-\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/entain-ups-its-offer-for-tabcorp-to-us2-7bn\">Tabcorp<\/a>\u00a0has received a<strong>\u00a0new offer to acquire its wagering and media businesses<\/strong> as well as an offer that includes its gaming services business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After<strong>\u00a0Entain improved its original proposal<\/strong>\u00a0for the company&#8217;s wagering and media business<strong>\u00a0to AU$3.5bn (US$2.7bn) last week<\/strong>, now the asset management company<strong>\u00a0Apollo Global Management<\/strong> has stepped in equalling that offer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, Apollo has also made a separate offer adding in <strong>Tabcorp\u2019s gaming services business\u00a0<\/strong>for a combined value of\u00a0<strong>AU$4bn (US$3.10bn).<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a press release, Tabcorp said: &#8220;The revised proposal is\u00a0<strong>subject to numerous conditions including due diligence<\/strong>, arranging financing, receipt of all relevant regulatory approvals and obtaining various third party approvals and consents.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tabcorp said it had not yet formed a view on the merits of the revised proposal and<strong>\u00a0will assess it in the context of its strategic review to evaluate all structural and ownership options\u00a0<\/strong>to maximise the value of the company for the benefit of shareholders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In February,\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-sees-revenue-drop-1-5-for-h1\">Tabcorp<\/a>\u00a0reported\u00a0<strong>AU$2.8bn (US$2.2bn) in revenue<\/strong>\u00a0for the first half of its financial year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apollo Global Management has put two new offers on the table for Tabcorp, one equaling the offer made by Entain last week and one offering US$3.10bn for including its gaming services business.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Apollo Global Management has submitted two revised proposals for Tabcorp's assets, matching Entain's AU$3.5bn offer for its wagering and media businesses, and a separate AU$4bn bid including its gaming services division. Tabcorp is evaluating these offers as part of its strategic review to maximize shareholder value, noting the proposals are subject to due diligence, financing, and regulatory approvals.","focusai_entities":"Apollo Global Management, Tabcorp, Entain","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.95), regulator (0.8), compliance_legal (0.9), operator_casino (0.9), affiliate_publisher (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Approval Path","query":"What specific regulatory compliance and governance frameworks must Apollo navigate to secure approval for its acquisition of Tabcorp's diverse assets in Australia?"},{"label":"Valuation & Synergies","query":"How does the AU$4bn offer, encompassing Tabcorp's gaming services, impact the projected NGR and GGR synergies for Apollo compared to the wagering and media-only proposals?"}],"footnotes":""},"categories":[16336,157,158],"tags":[23945,3573,13716],"class_list":["post-17653","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","category-slider-home","tag-fa","tag-lottery","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17653"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17653\/revisions"}],"predecessor-version":[{"id":17677,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17653\/revisions\/17677"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}