Laurence Escalante has declared his $3.2 billion bid to buy out the minority shareholders at Virtual Gaming Worlds as best and final, after the Perth billionaire’s family office appeased both the Federal Court and independent expert Kroll late last week.
Laurence Escalante built Virtual Gaming Worlds into a multibillion-dollar business.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
