PROBABILITY IN TALKS WITH WILLIAM HILL


Mobile gaming specialist Probability has revealed that it is in 'preliminary discussions' with William Hill regarding its sale to the British land-based and online betting firm


Mobile gaming specialist Probability has revealed that it is in 'preliminary discussions' with William Hill regarding its sale to the British land-based and online betting firm.

Probability disclosed in a brief statement that these initial talks 'may or may not lead to an offer for the company'.

"This announcement is not an announcement of a firm intention to make an offer under rule 2.7 of the City Code on Takeovers and Mergers and there can be no certainty that an offer will be made nor as to the terms on which any offer will be made," read the statement from Probability.

Like its arch-rival, Ladbrokes, William Hill now has until October 17 to announce whether it will be making a firm offer for Probability under the amended Takeover Codes.
 
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