News Corp quietly sold its shares in Betr, the wagering start-up run by wealthy bookmaker Matthew Tripp, just four months after it launched despite injecting more than $70 million into the company.
Betr chairman Matthew Tripp told The Australian Financial Review on Thursday he was grateful for News Corp’s “initial and ongoing support”, but said the publishing and broadcast giant was no longer an investor.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
