Tue, 07 Sep 2021 | DIVISION SALE
Betting firm 888 Holdings has confirmed that it is in “advanced discussions” to acquire the European business of William Hill from new owner Caesars Entertainment.
In a statement to the London Stock Exchange (LSE), 888 said: “888 notes the recent press speculation and confirms that it is in advanced discussions with Caesars Entertainment regarding a possible acquisition of the international (non-US) business of William Hill.”
However, responding to reports that a £2 billion deal had been agreed for the international business, the company added: “There can be no certainty that these advanced discussions will result in a transaction. A further announcement will be made as and when appropriate.”
Reports had suggested that 888 had beaten out competition from Apollo Global Management and CVC Capital Partners (working with German betting firm Tipico) to acquire the assets.
The assets, which include William Hill’s 1,400 UK and Ireland shops and UK and EU online business, were put up for auction shortly after Caesars completed its £2.9 billion acquisition of William Hill earlier this year.
Caesars acquired William Hill in May but only held an interest in the firm’s US operations and immediately began seeking a buyer for the non-US business. Caesars had an existing joint venture with William Hill in the US prior to the acquisition.
Find businesses for sale here.
If you are looking for an exit, we can help!
Major country freehouse and Inn with a stunning detached owner's residence, all set in approximately 10 acres in an area of unmatched natural beauty. The Inn is located in a delightful country setting amid the rolling countryside of South East Cornwa...
FREEHOLD
A very well positioned hotel, pub and restaurant in Seaford on the South coast. Whilst the pub and restaurant, with the large beer garden are very successful, there is a fantastic opportunity to develop the property and plot further to introduce holi...
FREEHOLD
This outstanding hotel business is now for sale in Buckingham. Since its founding in 2000, it has built up an impressive client base. Having a freehold tenure on the property aids an easy transition for a new owner. It sees a high annual turnover, pr...
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.