William Hill ends talks with probability


William Hill has ended talks to purchase mobile gaming specialist Probability


AFTER A MONTH of negotiations, William Hill has ended talks to purchase mobile gaming specialist Probability. Probability, which is the operator of the popular LadyLucks.co.uk mobile online casino, stated in September that it had entered into "preliminary discussions” that “may or may not lead to an offer for the company”.

William Hill declared last month that it had been granted an extension by the Takeover Panel ‘pursuant to Rule 2.6(c) of the City Code on Takeovers and Mergers of the existing Rule 2.6(a) Code deadline’ that gave it until November 14 to “announce a firm intention to make an offer”.

“Further to its announcement on September 20, 2011 regarding preliminary discussions with Probability, William Hill has today announced that it does not intend to make an offer for Probability,” read a brief statement released by William Hill.

William Hill operates 2,364 betting shops across the UK and Ireland and numerous sources have speculated that recent troubles regarding its William Hill Online joint venture with online gambling software developer Playtech Limited are behind its decision to pull out of negotiations with Probability.
 
printer friendly create pdf of this news itememail to someone
  Login to rate