PokerStars and William Hill to Merge?

Teemu - Saturday, October 8, 2016, Written by- Saturday, October 8, 2016, Online poker

According to Reuters, Amaya Inc., the parent company of PokerStars, said it’s in talks on an all-stock merger with bookmaker William Hill Plc to create a company with a wide range of online betting options.

William Hill has received multiple takeover offer's recently from 888 Holdings Plc and Rank Group Plc, but talks eventually fell apart.

However, it now appears that PokerStars and William Hill might merge to create one massive online gambling company:

Amaya has been reviewing its strategic options since February, and William Hill has been looking for ways to move beyond bookmaking into digital and international businesses, the companies said Friday in a statement. The talks may not result in a deal, they said. Reuters reported earlier Friday the firm had received interest from both strategic players and private equity investors.

In addition, the sources said that former Amaya Chief Executive David Baazov, subject of an insider trading investigation from Quebec's securities regulator, has now abandoned his plans to bid for the company.

See the full article from here.