ladbroke's has agreed to merge with gala coral.d business will be called ladbroke coral and will have an annual revenue of 1.2 billion pounds. the three main official predators are sending representatives back. the revival draws a line under the antagonism between alexis tsipras's government and european commission. the greek government is now racing to complete negotiations of its third bailout in five years. britain's best known daily business newspaper has been sold to a daily media group. the deal does not include the building on london's the river thames. the ft's chief executive followed the announcement yesterday talking about the cai plans in -- about nikkei plans. >> they see growth potential for the ft in asia and the u.s. and if you look at the way that they operate and if you look at their shareholding structure they take a very long-term view. and i think there is no point in their mind of taking the cost out of it. they want to build the business and grow the revenue. kerry girl -- caroline: right tame, right place? >

jonathan: what is we him help doing that ladbroke appears to be struggling to do?'ll -- william hill far far and away. what is william hill doing so great? paul: online is where it is at the moment. you're seeing a lot of these emerges that are being brought together at last week we saw the party deal. this is brought on by increased taxation. it is forcing the online operators together. as a result, they are getting better -- they are getting bigger. jonathan: when i look at the likes of regulated, when we talk about m&a, we talk about what will regulators say? are they going to give this one a green light? poll: no they haven't. there is no doubt that the m&a is going to take a big interests risk. they will have to sell. how many they have to sell? whether the cma will allow this deal to take place is a whole different debate. jonathan: do you want to invest in a stock that going to confine 45% share? that is a question for the investors and analysts. i will not do that to paul jarvis. the world's most viable retailer is now a website. they saw the market cap jum

the combined business will become ladbrokes coral.he united states, gunmen have opened fire on a cinema in southwest louisiana killing two people before shooting himself dead. between six and eight other people were injured. police say they knew the 58-year-old shooter's identity, but are not releasing it. francine: the u.s. secretary of state, john kerry, has told critics it's fantasy to think america could have held out for a better deal with iran. but republican senator corker said he thought mr. kerry had been sweet. >> from my perspective, mr. secretary, i'm sorry. not unlike a hotel guest that leaves only with a hotel bath robe on its back, i believe you've been fleeced. manus: more than 50 world trade organization countries will finalize an accord to cut tariffs on more than 200 technology products. the deal could tribute as much as $190 billion to the global economy, according to the office of the u.s. trade representatives. francine: and neck see diversifying outside its home market with a 844 million pound purchase of the f.

let brooks is close -- ladbroke's is close to 70-30 for a yes vote. if what we show in the u.k. elections, people not telling the truth about their voting intentions, i wonder if greece has an element of the same thing. people don't want to be seen caving into the troika, but they will vote no in the end. manus: if that is the case and it comes through with a yes vote, varoufakis threatened that he would cut off his arm, that he would stand in the parliament and help greece. is that the end of tsipras, varoufakis, and a new negotiating team? you keep using the words, worse terms. holger: if there is a yes, it would probably mean almost immediate political change. tsipras may or may not stay in power. it would certainly be somebody else, not mr. varoufakis negotiating in brussels. yes is something which would change the economic outlook for greece. all these calculations, how much growth could they have next year, would look much better. the financing need would be much smaller. as a result, europe could offer better terms. francine: if it is a yes vote. because the problem, have

and ladbrokes up by 3%. they're responding to the report that they could respond to a deal.hares of william hill also in the 13. one-third of 1%. and finally oci in the netherlands, is this a fertilizer company up by 10%. after it confirms its talks. >> all right. thank you so much carolin. moving on to what's coming up on "worldwide exchange" -- a summer storm wreaks havoc in virginia california. and baseball matches cancelled. we'll bring you the fuel details later. >>> welcome back. chinese home prices rose for the second straight week since june. suggesting that the trading sector could be working. let's go to the trading sessions in singapore. having a fairly good day today? >> yeah especially when you consider those progress. let me talk about the data. this shows a recovery in the month of june. some people surprised that we saw that included in the volatility in the stock market. that must have had some impact on the housing market since the two were so strongly collated. we'll wait and see. there was a fairly cautious start for trading weeks in asian markets broadly