Betting News

Sportingbet accepted an offer from William Hill

The leading British companies William Hill and Sportingbet have been negotiating the takeover of the latter one for a few months.

Earlier this month, the representatives of Sportingbet rejected a proposal to be acquired by William Hill and GVC, pointing out to the main reason which is a low offer compared to the market value of the company ($ 565 million). More recently there was the news that the offer was increased to $ 851 million which is more acceptable to the owners of Sportingbet. According to the agreement William Hill will extend its influence on the Spanish and Australian markets controlled by
Sportingbet. The junior partner of the transaction - GVC Holdings - will get the other assets at the controlled markets.

William Hill is a leading provider of online gambling in the UK, it receives 92% of the total turnover, thanks to this agreement the company will be able to strengthen its position in other markets. Due to these events the share price of each company has grown and will continue to grow until the end of the agreement.

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