The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
UK
proactive logo
William Hill-owner 888 jumps on reports it rejected Playtech bid
Published: 09:50 04 Dec 2023 GMT
Written by: Jeremy Cutler
About this content
View
888 Holdings PLC
LSE:888
888 Holdings PLC -
Shares in William Hill-owner 888 Holdings PLC leapt over 18% to 83.34p on Monday morning after The Sunday Times reported it was the target of a £700 million swoop by gambling tech provider Playtech PLC (LSE:PTEC).
Playtech made a written indicative approach to acquire 888 at a price of 156p a share in July, only for it to be rejected as undervaluing the company, the report said, citing City sources.
The report pointed out that since the board spurned Playtech’s approach, 888’s shares have fallen. They closed at 70.6p on Friday 1 December, valuing the business at little more than £300 million.
It noted the appointment in October of a new chief executive, the gambling industry veteran Per Widerström, has also failed to stop the rot with the company booted out of the FTSE 250 index last week.
In November, the Financial Times reported US gambling firm Draftkings Inc had discussed a bid for 888 over the summer with some of the UK betting operator’s top shareholders.
This is a old statement on another site, but we need to be kept upto date if their still in talks..
FIRST INVESTMENTS HOLDING LIMITED Argo Blockchain PLC - Response First Investments notes the announcement, released this morning by Argo, in which the Company disclosed that it has entered into conditional heads of terms with HIVE Blockchain Technologies Ltd (“Hive”) for a possible strategic partnership. Dyor
Been blocked, look at Investors observer .com