According to the Mail on Sunday, the takeover of the online betting group, Sportingbet.com by its rival Ladbrokes could happen in the next four weeks, after the main hurdles to the deal have been resolved.

Sportingbet will finalise its own acquisition of Australian online betting operator Centrebet on Wednesday, which will make it the biggest operator in the market Downunder.

In relation to the Ladbrokes interest, the “key obstacle” to the deal has been Sportingbet’s Turkish operation, which GVC Holdings Plc is now considering buying, according to the newspaper. Earlier this year Ladbrokes walked away from talks with 888 Holdings regarding acquisition discussions as the two parties were unable to reach agreement over price.

According to the Mail a price for Sportingbet had not been reached however the Ladbrokes chief, Richard Glynn, is looking to avoid a repeat of the 888 fiasco.

Sportingbet is currently valued at around £260 million, however investors are currently looking at a higher price in any deal agreed.