William Hill and Sportingbet Agree to Takeover Terms

Written by:
Aaron Goldstein
Published on:
Oct/16/2012
William Hill and Sportingbet Agree to Takeover Terms

The United Kingdom’s largest bookmaker, William Hill, is one step closer to taking over rival Sportingbet, one of the first successful online bookmakers.

William Hill and takeover partner GVC Holdings said that any deal is contingent upon certain detailed terms and conditions. 

The proposed offer is about 20 percent higher than a previous one made last month.  This takeover proposal would beworth 61.1p per share to Sportingbet's shareholders, compared with the previous one worth 52.2p a share.

A formal offer would be recommended to Sportingbet’s shareholders. 

- Aaron Goldstein, Gambling911.com

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