It has been some time now that the largest bookmaker in the UK expressed interest in acquiring the Israeli based 888 Holding.
The latest news has put an official offer from William Hill to purchase 888 at $750 million. However the Shaked and Ben-Yizhak families who own 60% of 888’s shared have not blinked yet and it might as well take a ten figure sum to complete this acquisition deal.
As William Hill extends their expansion the value of shares can potentially explode hence the controlling families are staying patient for now.
The stock market has already started showing fluctuations due to rumours as 888’s shares went up 23% in London up to £1.73, yielding a market cap of £615 million.
It seems this deal is imminent, the only thing of uncertainty is the final purchase price.