888 terminates takeover talks with potential bidder William Hill

Online gambling group 888 Holdings was “unable” to agree on the terms of a possible takeover by William Hill and talks have been called off.

The company, which on 10 February confirmed speculation that it was in discussions with the high street bookie, said on Monday that the decision follows concerns from a key shareholder.

The initial proposal from William Hill valued 888 at 200p per share, plus a 3p dividend, equal to around £700m. The stock closed Friday’s session at 170.75p.

888 said in a statement: “Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer and the board of the company has agreed with William Hill to terminate discussions.”