UK’s William Hill backs Caesars’ $3.7 billion bid By Reuters

UK's William Hill backs Caesars' $3.7 billion bid By Reuters

© Reuters. A pedestrian walks past a William Hill betting shop in London

(Reuters) – William Hill (L:) said on Wednesday it had agreed to be acquired by Caesars Entertainment (O:), which has valued the British bookmaker at 2.9 billion pounds ($3.72 billion), and would give the U.S. casino operator full control of a quickly expanding U.S. sports-betting and online business.

“The William Hill Board believes this is the best option for William Hill at an attractive price for shareholders,” William Hill Chairman Roger Devlin said.

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