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Evening Standard
Evening Standard
Business
Rhiannon Curry

888 cuts price of William Hill takeover by £250 million

William Hill 888

Runners and riders in the Handicap Chase at Aintree Racecourse, Merseyside.

(Picture: PA)

Betting firm 888 Holdings has knocked £250 million off the price it is willing to pay for the European arm of rival William Hill, citing “changes in the macro economic and regulatory environment” and the looming UK gambling licence review.

The company announced on Thursday morning that it now valued William Hill’s assets at between £1.95 billion and £2.05 billion, down from the £2.2 billion 888 had initially agreed to pay last September.

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