888 buys William Hill bookmakers for USD 3 Billion
Online gambling company 888 Holding plc is buying British bookmaker William Hill’s non-US assets for £2.2 Billion (USD 3 Billion).
888 operates online gambling websites and related software and platforms in more than 100 countries including casino, poker, bingo, sport and other games.
William Hill International is one of the UK’s leading and most trusted bookmakers, with over 1,400 retail betting shops across the UK, and over 1.5 million active UK customers online.
888 said that the acquisition would create a global gambling giant, which would allow £100 million savings in annual expenses.
Latham & Watkins is advising 888 Holdings plc, with the London team led by Corporate partner and long standing 888 relationship partner Ed Barnett together with Corporate partner Sam Newhouse, supported by associates Hector Sants, Stephanie Daaboul, Chris Ramsey, Nick Fisher, and Becky Eaton. Advice on capital markets matters was provided by partner Anna Ngo; on finance matters by partners Jay Sadanandan and James Burnett; on antitrust matters by partner Jonathan Parker; on employment and benefits matters by partner Sarah Gadd; on intellectual property matters by partner Deborah Kirk; on tax matters by partner Helen Lethaby; and on real estate matters by partner Quentin Gwyer.
The Latham team advised 888 in conjunction with 888’s long term counsel Herzog Fox Neeman whose team was led by Managing Partner Gil White, together with partners Adam Salkin, Daniel Lipman Lowbeer, Liran Barak, Hanna Bilavsky, Jenia Melkhior, Moria Tam-Harshoshanim, Ido Manor, Irit Roth and Ben Kanter, and our associates, Michael Dorn-Berger, Yuval Haimovich, Rachel Rinberg-Shuri, On Dvori, Jennifer Farrell, Ofri Mor, Uriya Gehasi, Talya Scolnik, Robert Wiseman and Daniel Koppelman.
