HAMBURG (Thomson Financial) - German online betting company Fluxx AG offered to buy Sportwetten.de AG for 1.09 eur a share to add sports betting to its range of services. The offer is valid until Dec 21, a statement by Sportwetten.de said.
The company said it will make a recommendation on the offer 'in due course'.
Sportwetten.de is an online sport betting company -- operating on a Malta-based betting license -- that shut down its online betting service on Oct 1 due to 'the lack of legal security in many countries following contradictory court rulings', the company's website said.
Shares of Sportwetten.de on Friday closed at 1.10 eur.