Deals
William Hill Faces Breakup After Accepting Caesars Bid
- U.S. casino giant to focus on U.S. gaming businesses
- U.K. betting markets have suffered from tighter regulation
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William Hill Plc has chosen to sell itself to a rival rather than private equity, yet the 2.9 billion pound ($3.7 billion) deal could still end up in a breakup of the U.K. gambling company.
Caesars Entertainment Inc.’s takeover bid was accepted by William Hill’s board, according to a statement Wednesday, strengthening its position to expand in the lucrative business of online gaming in the U.S.