International edition
September 26, 2020

To acquire Playtech’s 29 % stake

William Hill completes Playtech call option exercise

(UK).- Playtech announced Monday that William Hill is completing the exercise of its call option to acquire Playtech’s 29 % stake in William Hill Online for us$ 649.3 million, delivering a cash-on-cash return of more than 3.5 times which excludes software royalties.

T

he amount will be subject to a post-completion working capital adjustment and Playtech will also receive its share of profit in William Hill Online accrued since 1 January 2013.

Playtech’s software agreements with William Hill Online will continue following the completion of the call option, the company said in a statement.

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