William Hill in talks to buy 888 for £750 Million

William Hill 888 Holding Buyout

The London Times has reported that the UK's biggest bookmaker, William Hill, is in talks with online gambling company 888 Holding, to purchase the company for £750 million.

According to the report, a deal has been brokered that would allow William Hill to purchase the online gambling giant for £2.10 per share. However, it has also been reported that the majority shareholders in 888 are holding out for a higher sum amounting to £3 per share.

Shares of 888 stock were up as much as 23% in London to £1.73, as news of the potential buyout began to leak. Both William Hill and 888 have not responded to inquiries from the press regarding the deal.

9:20 am Feb 11, 2015