888 Attempts William Hill acquisitionnull This is the latest novelty from front 888, and in this article our experts will analyze for you The details of the negotiations between 888 and Caesars for William Hill.
What is known about the negotiations with which 888 tries to acquire William Hill?
At the moment, as regards 888, it is known that The negotiations are already in advanced state. The operator, in fact, confirmed that he is in negotiations with the Caesars group for Acquire Extra US soil activities of the giant William Hill.
So they are no longer alone CVC Capital Partners e Apollo Global Management To have made offers for this purchase, but also 888 attempts William Hill. 888 He has come forward and, although he has not yet been finalized, and he had no guarantee, It seems that Caesars is interested.
The Caesars group, which had detected the global operations of William Hill for $ 3.37 billion in April last, had already said at the start that he would not be interested in the company's activities outside the American landnull In fact, as already declared before the purchase, their goal was to increase the business part relating to bets in America.
Now, therefore, he is trying to sell the part of the company that it does not bring benefits to their expansion plan, e For this too 888 Attempts William Hill. In Caesars, still in May, and immediately after the acquisition, they said that they would have started the sales process in the summer periodnull The goal they had set themselves, in fact, was that of complete the sale within one year.
Still in April, Tom rid, the CEO of Caesars, said Caesars would open the sale of William Hill's activities outside the US territory before the end of the second quarter of the year, or before the end of June. Their hope remains, in any case, to be able to Announce the buyer before late May 2022. It is probably precisely for this reason that they are interested in 888 who attempts William Hill.
And the offers of CVC and Apollo Global?
At this point, it would seem that CVC Capital Partners no longer interests the acquisition. With regard to Apollo Global, instead, The offer he had done seems to have been refused by Caesars, after however he had been temporarily blocked by their partner HBK Investments. So now 888 tries to acquire William Hill.
888 tries to acquire William Hill: the cost
The CEO of Caesars He has not yet revealed a sale price for William Hill's non -American soil. However, Bret Yunker, the financial director, said that thanks to this agreement they also want to cover 2 billion dollars of debt in the next year.
Therefore, as far as we don't have more news at the moment, In the short term we will probably find out with what offer 888 will try the purchase. But above all how the negotiations between 888 and Caesars will end for William Hill.