Deadline Friday to finalize deal between bookmakers

20 Dec 2012

By Chris Sieroty

William Hill plc, Great Britain's largest bookmaker, has until Friday to finalize its $785 million offer for rival Sportingbet plc. The companies agreed to the cash and stock deal in October, but William Hill has received several extensions to complete their due diligence relating to the deal. William Hill is making a joint bid with GVC Holdings PLC. The deadline for a formal offer to be submitted was extended to Friday, according to the three companies. It had been due to expire on Tuesday. William Hill, which operates 159 sports books and kiosks in Nevada, is looking to take over Sportingbet's lucrative business in Australia and Spain, while GVC Holdings would receive other assets in areas where regulation is less clear cut.

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Chris Sieroty More about Chris Sieroty More articles by Chris Sieroty Related Links Ranked Online Sportsbooks
	Deadline Friday to finalize deal between bookmakers 20 Dec 2012 By Chris Sieroty <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> William Hill plc, Great Britain's largest bookmaker, has until Friday to finalize its $785 million offer for rival Sportingbet plc. The companies agreed to the cash and stock deal in October, but William Hill has received several extensions to complete their due diligence relating to the deal. William Hill is making a joint bid with GVC Holdings PLC. The deadline for a formal offer to be submitted was extended to Friday, according to the three companies. It had been due to expire on Tuesday. William Hill, which operates 159 sports books and kiosks in Nevada, is looking to take over Sportingbet's lucrative business in Australia and Spain, while GVC Holdings would receive other assets in areas where regulation is less clear cut. Copyright GamingWire. All rights reserved.

Chris Sieroty

Related Links

Deadline Friday to finalize deal between bookmakers