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Bolsa, mercados y cotizaciones

Sky sells controlling stake in Sky Bet to CVC for $1.3 billion


    LONDON (Reuters) - Pay-TV group Sky said on Thursday it had agreed to sell a controlling stake in Sky Bet to CVC Capital Partners in a move which values the online betting business at 800 million pounds ($1.3 billion).

    Sky, which operates in Britain, Italy, Germany, Austria and Ireland, said it would receive 600 million pounds in cash at completion and would retain a stake of around 20 percent in Sky Bet.

    It could also receive extra funds based on CVC receiving a certain return on its investment.

    (Reporting by Kate Holton; Editing by Neil Maidment)