Online gambling company 888 Holdings has revealed that it is in advanced negotiations with Caesars Entertainment following a winning auction bid of £2.3 billion for William Hill’s UK assets.
888 Close to Sealing £2.3 Billion Deal for William Hill's UK Assets earlier this year before immediately announcing that it would auction off the company’s UK-based assets. 888 Holdings won the auction and has since entered into negotiations to finalize the deal. 888 Close to Sealing £2.3 Billion Deal for William Hill's UK Assets888 Holdings’ shares had surged in value during the global pandemic following a huge increase in online betting activity throughout lockdowns across the globe. Following the announcement yesterday that the company was in advanced talks to close the takeover deal, shares rose once again by about 2%.
888 Close to Sealing £2.3 Billion Deal for William Hill's UK Assets
Olivia Richardson
888 Close to Sealing £2.3 Billion Deal for William Hill's UK Assets