LONDON, Oct 6 (Reuters) - British bookmaker Ladbrokes (LAD.L) has no current plans to bid for online rival 888 (888.L), sources familiar with the situation told Reuters.
A report in the Daily Mail newspaper on Tuesday cited market speculation of an imminent bid by Ladbrokes of 139 pence a share, valuing the business at around 480 million pounds ($764 million).
However, sources told Reuters no approach had been made and there was no prospect of one in the immediate future.
"It's rubbish. These are old rumours doing the rounds again," said one of the sources.
Ladbrokes and 888 declined to comment on the speculation.
(Reporting by Matt Scuffham; Editing by Victoria Bryan) ($1=.6279 Pound)
Source: Reuters
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