William Hill in acquisition talks with 888 Holdings

888 Holdings has addressed media speculation concerning an interest in the company speculated to be William Hill by confirming it has received an advance from the bookmaker and is in preliminary talks.

The takeover offer is thought to be worth in the region of GBP 750 million equating to 210p per share, however, The Times reports one of 888’s Israeli founders, thought to be one of the Shaked family, is negotiating 300p per share.

The Shaked and Ben-Yizhak families combined own the majority of the company at around 60 percent of the shares.