Sportingbet owner GVC Holdings is said to be gearing up for its next major takeover deal.
According to sources familiar with the matter, investment banks - such as JP Morgan - are said to have put in place a big debt financing package for GVC to use as funds for major M&A tansaction...
I see Rank, 888 Holdings and William Hill have all effectively confirmed my tale from the weekend in the Mail on Sunday and on Betaville yesterday that the "consortium" was planning to raise its indicative offer for the bookie.
Here are the links to the various statements that came out this morning: ..
I must say this William Hill situation really has thrown up some quite bizarre behaviour by "people close to the situation".
I understand that some "people close to the situation" (you know who you are) had been claiming my scoop from a couple of weeks ago in The Sunday Times about Rank and 888 holding merger talks ahead of making a £3 billion bid for William Hill wasn't a true "scoop" because we didn't get the story "quite right"...
Oh look - gaming companies Rank, 888 Holdings and William Hill have all finally confirmed my tale in this weekend's The Sunday Times about how Rank and 888 have been talking about merging with a view to then combining with William Hill.
Here are links to the announcements on the RNS:..