888 Holdings PLC - Gibraltar-based online betting and gaming company - Completes the acquisition of the non-US business of online gambling firm William Hill.
Chair Mendelsohn says: "This combination brings together two high quality businesses to create a powerful, global betting and gaming business. We believe the acquisition will create significant value for shareholders, creating a combined business with leading technology, products and brands across sports betting and gaming."
In September 2021, 888 announced that it would acquire the international business of William Hill for GBP2.2 billion. However, the acquisition's enterprise value had been revised downwards since to GBP1.95 billion.
Current stock price: 166.10 pence, down 0.9% in London on Friday
12-month change: down 58%
By Heather Rydings; heatherrydings@alliancenews.com
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