Australia: Apollo makes $3.1b bid for Tabcorp’s betting, media units

Australia: Apollo makes $3.1b bid for Tabcorp’s betting, media units

Sydney, Australia. Photo: Unsplash

Private equity major Apollo Global Management has proposed to acquire the wagering and media and gaming services units of Tabcorp Holdings, the largest gambling company in Australia, for a combined value of A$4 billion ($3.1 billion).