![]() ![]() That means 888 will have to pay a cash consideration of about 585 million pounds, nearly 30% below the previously agreed 834.9 million pounds, 888 said. The two companies have agreed that the assets now have an enterprise value of between 1.95 billion pounds and 2.05 billion pounds. The purchase, 888's largest since listing in London nearly two decades ago, will give the online pure-play company access to William Hill's 2 million active UK customers and 1,408 betting shops across the UK. assets to 888 for 2.2 billion pounds ($2.88 billion). Las Vegas-based casino operator Caesars bought British bookmaker William Hill in a $4 billion deal last year and agreed in September to sell William Hill's non-U.S. Shares in London-listed 888 soared nearly 30% after the British company also said it would have to raise less capital to partly fund the purchase. April 7 (Reuters) - British online gambling firm 888 (888.L) will pay a smaller price to buy William Hill's international assets from U.S.-based owner Caesars Entertainment (CZR.O), the companies said on Thursday, citing changes in economic and regulatory conditions. ![]()
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