![]() Pazner thanked both in his statement saying: Pazner will remain as chief executive of 888 following the merger while former William Hill CEO Ulrik Bengtsson will leave the business as will William Hill chief financial officer Eric. With a top quality management team, formed from talent from across both businesses, I am confident about our future plans.” We believe the acquisition will create significant value for shareholders, creating a combined business with leading technology, products and brands across sports betting and gaming. ![]() “This combination brings together two high quality businesses to create a powerful, global betting and gaming business. We have built an outstanding leadership team, combining strengths from across both businesses, and as I look at the future, the combination of our product and content leadership, powered by our proprietary technology, and our world class brands, gives us a powerful platform for growth.Ĩ88 chair Lord Mendehlson went on to add: “I am delighted to announce the completion of our transformational combination with William Hill. In a statement issued to its investors, 888 chief executive officer Itai Pazner said: At the time, a “change in the macro-economic and regulatory environment” was cited as the main reason for the reduction but it also coincided with a period when William Hill’s license was under review.įollowing full approval by shareholders, the deal has now been finalized and a leadership team for the new business announced. This saw the cash portion of the deal reduced from £834.9 million (€962.5 million) to £584.9 million (€674.2 million). The original price for the deal was £2.2 billion (€2.53 billion), but both parties later agreed to reduce the price by £250 million (€288.1 million). Merger was first agreed in September 2021Ĩ88 had agreed the acquisition in September of 2021. ![]() Online gambling company 888 Holdings has announced that it has completed the acquisition of William Hill’s non-US assets from Caesars Entertainment in a deal worth £1.95 billion (€2.25/$2.35 billion).
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