Developments at Betfair
PayPal Europe to facilitate Betfair’s P2P payments:
By using PayPal, Betfair customers will be able to use a variety of funding sources including credit and debit cards, their existing PayPal balance and, in the UK and Germany, transfers from their bank accounts. Betfair customers will also be able to withdraw winnings directly into their PayPal accounts.
Yet another step towards the converged AmazonBay future?
And, Japanese technology firm buys 23% stake in Betfair:
BETFAIR, the betting exchange operator, is to sell a stake of up to 23 per cent to SoftBank Corporation, of Japan, in a deal valuing the group at just over £1.5 billion.
The deal would link Betfair to Masayoshi Son, SoftBank’s president and chief executive, who has been dubbed Japan’s Bill Gates.
Under Mr Son, the high-tech company has invested aggressively in a wide range of online, media and telecoms ventures, ranging from financial services to broadband infrastructure and publishing. It owns Japan Telecom and is Yahoo!’s partner in Japan.
Perhaps the film needs to be rewritten: YahooBay!
