Ladbrokes and 888 working on takeover plan

Infamous U.K. bookmaker Ladbrokes, Plc. and gaming company 888 Holdings, Plc. have been in takeover negotiations for months now. A new £440 million plan designed to avoid American legal action is surfacing, however, as a possible solution to the stalled talks.

A possible takeover has been suggested since early November of last year, but discussions have been stalled by Ladbrokes, fearing they would come under the microscope of U.S. law enforcers after the acquisition.

But a recent report from AFX news indicates Ladbrokes' legal and financial teams are working on a deal that acquires 888's assets, including its Web site and intellectual property, but doesn't commit them to the entire company.

Ladbrokes would then be immune from any criminal liability faced by the online casino under the recent Unlawful Internet Gaming Enforcement Act (UIGEA).

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