Japan's Softbank to Acquire 23% of Sporting Exchange

London -- According to a report in the Financial Times, Softbank
Corp., a Japan-based Internet investment company, has agreed to
acquire as much as 23% of Sporting Exchange Ltd., the U.K.-
based online gambling group that controls Betfair. Although
financial terms were not disclosed, the Financial Times said
Softbank would pay about £13 a share. Sporting Exchange said it
would likely release details for the deal, which should be
completed by April 3, within the next few days.
http://news.ft.com/companies/uk