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William Hill & GVC agree terms for £530m Sportingbet deal

16th October 2012 7:31 am GMT

UK bookmaker William Hill and GVC Holdings have revised and increased their proposed bid for online gaming operator Sportingbet to 61.1 pence per share, which would value the company at approximately £530m (US$851m).

In a statement Tuesday, the boards of Sportingbet, William Hill and GVC confirmed they had reached agreement regarding a revised, increased proposal to acquire the entire issued and to be issued share capital of Sportingbet.

The proposal values each Sportingbet share at 61.1 pence [...]

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