Tabcorp has revealed a second suitor for its wagering and media business – BetMakers Technology Group pitching a $4 billion offer.
BetMakers on Friday said its offer included $1 billion cash and $3 billion in BetMakers shares.
Chief executive Todd Buckingham said the group’s technology expertise could help the wagering and media assets benefit from global exposure.
Last month UK-based Entain, which owns Ladbrokes and Foxy Bingo, improved its offer for the assets to $3.5 billion.
The Tabcorp board is still considering its options. These include a demerger of either the wagering and media business, or the lotteries and Keno business.
Shares in Tabcorp were higher by 1.98 per cent to $5.16 at 1121 AEST.
Shares in BetMakers were down by 10.31 per cent to $1.43.