Tag Archives: TIG

Caesars announces closure of £2.9bn William Hill takeover

Caesars Entertainment has announced the final closure of its £2.9 billion takeover of Gibraltar-registered online and retail betting operator William Hill. Under the terms of the transaction, Caesars will acquire all of William Hill’s online and offline assets, intending to sell all non-US business divisions, including the UK and international online verticals, as well as the operator’s extensive suite of …

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Caesars secures High Court approval for William Hill acquisition

The High Court of Justice in England and Wales has approved Caesars Entertainment’s acquisition of British retail and online bookmaker William Hill. Following the ruling by the High Court, the transaction will be completed as of 22 April, ending three weeks of uncertainty surrounding the deal. First agreed in September 2020, Caesars offered a purchasing price of $2.9 billion for …

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Hedge funds take advantage of William Hill delayed Caesars takeover

Hedge funds have begun buying shares in William Hill, as the final judgement on the takeover of the British bookmaker by Caesars continues to be delayed. Caesars Entertainment’s $2.9 billion takeover bid was first disclosed on 30 September 2020 and recommended by William Hill’s board to shareholders. This initial offer represented a bid of £2.72 per share, countering a rival …

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