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Sportingbet agrees to £485m offer from William Hill & GVC

20th December 2012 5:42 pm GMT

The boards of UK-listed gaming operators Sportingbet, William Hill and GVC Holdings have reached agreement on a £485m offer that will see GVC acquire the entire capital of Sportingbet, with William Hill acquiring Sportingbet’s Australian business and securing a call option on Spain.

The recommended offer values each Sportingbet share at 56.1 pence and comprises 44.8 pence in cash and 0.0435 new GVC shares per Sportingbet share.

William Hill said the acquisition of Sportingbet’s Australian business would [...]

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