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Betfair to float

21 Sep 2010

LONDON, England -- Betfair intends to float on the stockmarket, according to Sky News.

There has been speculation for some time that Betfair would float and confirmation comes with the announcement of pre tax profits of £18m, Sky News reported.

Betfair previously tried to float in 2005, this time floating should ensure the site's expansion into new market, Sky News said.

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