Tag Archives: consolidation

Major merger off after William Hill refuses to play ball with 888 and Rank

SBC News Major merger off after William Hill refuses to play ball with 888 and Rank

888 Holdings Plc and The Rank Group Plc are withdrawing their proposal for a three way merger with William Hill, citing an inability to ‘meaningfully engage’ with the bookmaker’s board on the issue. 888 CEO Itai Frieberger said: “We are disappointed that the board of William Hill did not share our vision of the combined businesses. We believe that there …

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888 takes lead in the battle for £898.3m bwin.party

SBC News 888 takes lead in the battle for £898.3m bwin.party

888 Holdings has trumped rival bidder GVC Holdings by agreeing a deal to buy fellow operator bwin.party for £898.3m. The deal was announced to the stock market this morning. It’s a huge achievement for the casino operator, given that before the announcement 888 had a market capitalisation of approximately £570.8m. 888 believes that the deal will provide significantly enhanced scale, …

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Bwin to sell its social business at a €7m loss

SBC News Bwin to sell its social business at a €7m loss

Bwin.Party is close to selling its social gaming business and is in continuing merger talks with other parties. In a pre-close trading update, the firm revealed that it is in ‘active discussions’ regarding the sale of Win, the group’s social gaming business, and that it expects to make a further announcement shortly. The company had announced a huge expansion into …

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