Tag Archives: Barclays

William Hill rejects ‘risky’ Rank-888 consortium bid

The board of William Hill Plc has moved to reject the £3.3 billion takeover bid proposed by the strategic consortium of Rank Group and 888 Holdings. Quick to reject Rank and 888’s offer which was formally issued this afternoon, William Hill governance stated that the proposed deal ‘substantially undervalued’ its corporate enterprise, choosing not to forward the bid to its …

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Amaya sounding out investment partners via Barclays

Amaya Inc is still sounding out potential investors as it weighs up the bid for the group led by embattled CEO & Chairman David Baazov, who is currently on a leave of absence from the company as he battles insider trading charges. The firm is also on the hunt for a new leadership team as Baazov and CFO Daniel Sebag have revealed …

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Betfair investors net £260 million in share offload

Reacting to strong market interest driven by its announced £6 billion merger with competitor Paddy Power, top shareholders in Betfair have sold up to 8 million shares at £32.50 according to Barclays the firm’s sole trading book-runner. The mass sale of Betfair shares was conducted by Brussels based investment firm La Peigne SA, which manages investments on behalf of Bernard …

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The Times – GVC set to increase takeover bid for bwin.party

UK newspaper The Times has reported that London AIM listed operator GVC Holdings is considering an increase to 130p per share for its takeover bid of bwin.party Entertainment. The reported bid increase, would represent GVC’s third attempt at luring bwin.party away from bid leader 888 Holdings, who have offered a takeover deal valued at £908 million. On 7 August, reacting …

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Barclays & JP Morgan place 888 Holdings takeover loan on hold

The syndication of 888 Holdings $650 million leveraged loan for the takeover of bwin.party Entertainment has been put on hold by investment banks Barclays and JP Morgan. The financial institutions are said to be waiting for further clarity on the M&A process, following a new bid of 125.5 pence per share deal (bid sum £1.03 billion) by bid competitor GVC …

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William Hill opens Barclays CEO market with Morzaria favourite to replace sacked Jenkins

Following this week’s sacking of Barclays CEO Antony Jenkins, William Hill have opened its market on the bank’s next leader. The bookmaker has placed Group Finance Director Tushar Morzaria as evens money favourite to be the new leader of the ‘Big 4’ bank. Barclays’ new chairman John McFarlane (nicknamed Mac the Knife) axed Jenkins after three years leading the banking …

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Optimal Payments eyes FTSE 250 entry

Optimal Payments a key transactions/payment processor for the online gambling industry is eyeing entry into the FTSE 250 index. The payments operator is set to move from the London AIM market to the FTSE index, once it has finalised its £800 million reverse takeover of main competitor Skrill. Optimal governance is confident that the payments operator has met all regulatory …

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Camelot installs Barclays Pingit mobile payments

Camelot, operator of The National Lottery, has today announced the launch of the first-ever mobile payment option for The National Lottery, offering players a great ‘quick pay and play’ experience. Paying for National Lottery games using just a smartphone or tablet will be available through Barclays Pingit from next month. With six out of every ten visits to The National Lottery …

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English Premier League to become a ‘Clean Brand’ in 2016-2017

The English Premier League will have no title sponsorship from season 2016/2017. Premier League governance decided to no longer seek for a title sponsor for its competition and present itself as a ‘clean brand. The move reflects the organisation desire to mirror major US pro-leagues’ the NBA, MLB, NHL and NFL. The Premier League confirmed that it would not renew …

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Optimal Payments aims for FTSE 250 with €1.1 billion buyout of Skrill

UK business news sources have reported that London listed payments provider Optimal Payments is preparing a bid to buy competitor Skrill for reported €1.1 billion (estimated £810 million). Optimal Payments, which operates igaming payment services specialist Neteller, is looking to acquire Skrill in order to expand its digital services offering and certify its leading position within the high transaction online …

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