The market value of William Hill is $3.3 billion, while Amaya is worth $2.6 billion, in line with a report from Bloomberg. The discussions are preliminary at this point.
News of a possible deal sent Amaya’s stock price up five percent to just about $17 early this week, while William Hill remained nearly unchanged at about $360.
The potential merger follows an attempt by 888 Holdings and Rank Group to obtain William Hill. The bookmaker rejected the $4.2 billion takeover offer from the 2 rival online gaming firms.
In 2015, William Hill was taking a look at acquiring 888 for $1 billion.
According to Bloomberg, about $14 billion in mergers and acquisitions was spent during the last two years alone. In 2014, Amaya bought PokerStars and entire Tilt for $4.9 billion.
In August, former Amaya boss David Baazov resigned from all positions with the corporate amid an insider trading investigation in Canada.
Read More... [Source: CardPlayer Poker News]
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