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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 £2.2 billion. However, the acquisition's enterprise value had been revised downwards since to £1.95 billion.
Current stock price: 166.10 pence, down 0.9% in London on Friday
12-month change: down 58%
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