William Hill and Amaya abandon merger talks

William Hill and Amaya abandon merger talks
 

British bookmaker William Hill and Amaya, owner of the world's biggest online poker business, have ended talks of a possible £4.5bn merger.
William Hill said it took the decision after canvassing views from a number of major shareholders.
Last week, its biggest investor, Parvus Asset Management, heavily criticised the tie-up.
Canada's Amaya, which owns PokerStars, said that remaining independent was the best move for shareholders.
Amaya said: "Discussions have concluded, and Amaya and William Hill have determined that they will no longer pursue the merger."
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18 October 2016 in Business, Views: 39
Source: BBC
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