Sportingbet shareholders approve WilliamHill offer

2/21/2013 12:03:sixteen PM –

On December 28th, Sportsbook Overview documented that Playtech squabbled over the deal, releasing the adhering to statement: “Under the phrases of the shareholders’ settlement relating to William Hill
On the internet, William Hill is bound to carry out its remote gambling enterprise
through the William Hill On the internet organization, in which Playtech is a 29%
shareholder. Consequently, if the William Hill/GVC offer is accomplished,
William Hill will be obliged to provide to sell the remote gambling
activities of Sportingbet acquired by it to William Hill On the web inside
6 months of completion of their acquisition, and Playtech has the
appropriate, in its absolute discretion, to decide regardless of whether William Hill
On the web proceeds with the acquisition of the Sportingbet activities.”

William Hill introduced a fiery assertion shortly after: “Playtech have no legal rights to a business that is not component of William Hill
On the web and therefore this has definitely no influence on any valuation of
William Hill On-line.”.

Playtech has yet to publicly comment on the Sportingbet shareholder acceptance of the deal.

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Sportingbet shareholders approve WilliamHill offer