
William Hill is once again at the center of merger speaks, but this time around the business’s shareholder that is largest wants it become the goal of a takeover.
William Hill is presumably back on the trading blocks after the company’s chief stakeholder reportedly called for the group to locate a buyer that is potential.
Parvus resource Management, a London-based hedge fund that controls 14.3 per cent of the British bookmaking and gambling company, is reportedly pushing William Hill to simply accept a takeover that is qualified.
According to The Sunday Times, A british weekend newspaper, Parvus believes William Hill should turn to be acquired by, or merged with, another leading online gambling company. Possible suitors include GVC Holdings, as well as 888 Holdings and The Rank Group, the two latter which tried to buy William Hill last summer.
Both Parvus and William Hill declined to comment, but speculation is operating rampant in britain because of the hedge investment’s considerable power.
Created in 1934 by the company’s namesake, William Hill today employs some 16,000 people. The bookmaker has 2,370 physical betting shops throughout the UK, which compliments its gaming that is online network.
Up to Parvus
It had been only last October that the investment team publicly blasted William Hill’s potential aligning with Amaya, the Canadian-based business that owners PokerStars.
Parvus said at the time, ‘We [Read more...]