Betfair closes in on deal to buy Blue Square

[Euler]

News from the betting industry today that Betfair is alledgedy closing in on an attempt to buy Blue Square.

Little detailed information available at the moment but it is reported that 'Initial upfront sum will be paid with fee understood to be worth as much as £35m if loss-making sportsbook hits certain targets.'

It's been an interesting start to the year.