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it's Sunday.. time to bring out Betfair float rumours again

Seriously, which part of a newspaper spouts more crap - the front page of a tabloid, the back pages with transfer rumours during the silly season or the financial pages? For the umpteenth time, a Betfair float is 'imminent' according to the Sunday Times. You can head over there to read it if you believe in Rupert Murdoch's pay-per-view business model, or you can just read one of the many reports regurgitating the same thing like this one...

Betfair gambles on £1.5bn flotation

Gaming giant Betfair is set to press ahead with a £1.5 billion stock market flotation, it has been reported.

The online betting exchange is expected to make an announcement on its plans for an initial public offering within a fortnight, according to the Sunday Times newspaper.

This story reeks of a Ronaldo or Fabregas transfer, it just keeps going on and on and the papers just keep speculating. If you keep throwing darts randomly at dates, eventually they might hit it.

If Betfair do go now, then their analysts and board don't have high expectations for the economy over the next couple of years....

UPDATE:

Rumours are very strong according to company insiders, with one former colleague plugging brokers and tax accountants to ex-employees....
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Comments

  1. Jason Trost12 September 2010 at 17:04

    I'm quite interested in what will happen with Betfair's IPO as well. We created a contract at Smarkets so we can have some real money speculation rather than rumours.

    Buy the rumours, sell the news.

    http://smarkets.com/current-affairs/finance/betfair-ipo-2010

    ReplyDelete

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