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William Hill terminates talks with Probability

William Hill, an iGaming giant based in Britain announced that it has terminated talks with Probability, an iGaming telephone specialist regarding their purchase after going into talks for over a month.

These negotiations started back in Spetember, when Probability, which is the operator of LadyLucks.co.uk mobile online casino announced that they had entered negotiations with William Hill regarding the company’s purchase, however they did not know if William Hill was going to make a move for it.

Then sometime last month, William Hill was given an extension by the Takeover Panel ‘pursuant to Rule 2.6(c) of the City Code on Takeovers and Mergers of the existing Rule 2.6(a) Code deadline’ that extended the time for William Hill’s decision up to the 14th of November.

William Hill is the operator of 2,364 betting shops spread all over the United Kingdom and Ireland and according to some unknown sources, the reason behind William Hill backing out of the offer was because of the trouble they are going through with their William Hill Online joint Venture with Playtech Limited, an iGaming software developer

William Hill stated that “further to its announcement on September 20, 2011 regarding preliminary discussions with Probability, William Hill has today announced that it does not intend to make an offer for Probability.”

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