Tag: takeover

William Hill agrees $2.9bn takeover by Caesars Palace-owner

Image copyright Getty Images Caesars Entertainment, the Las Vegas casino-owner, has struck a £2.9bn deal to take over William Hill. The boards of the US firm and William Hill agreed a cash offer of 272p a share, compared with 273p at the start of Wednesday trading, subject to shareholders voting in favour. US private equity firm Apollo had also made… Read more →

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William Hill: Takeover battle looms for UK bookmaker

Image copyright Getty Images A bid battle is looming for UK betting giant William Hill after it received two rival takeover approaches. The company confirmed it had received proposals from US-based private equity firm Apollo and casino giant Caesars Entertainment. It said talks were “ongoing” with both suitors and there “can be no certainty” that any formal offer will be… Read more →

Uber to expand across UK with Autocab takeover

Image copyright Reuters Uber has agreed to buy its biggest UK rival Autocab, which operates a ride-booking app for independent minicab companies throughout the country. It said the takeover would let it connect people with mini-cab firms in cities where Uber itself does not have drivers. Autocab’s platform has access to more than 75,000 vehicles in areas where Uber does… Read more →

Google’s Fitbit takeover probed by EU regulators

Image copyright Reuters The EU is questioning whether Google’s proposed takeover of Fitbit will harm competition, or give it access to too much personal data. Fitbit makes fitness-tracking watches that monitor the wearer’s heart rate and activity levels. A group of 20 consumer groups and privacy advocates have called for Google’s takeover to be blocked. Google said it would not… Read more →

Louis Vuitton casts doubt over $16bn Tiffany takeover

Image copyright Donaldson Collection Image caption The 1961 film Breakfast at Tiffany’s film, starring Audrey Hepburn, made the store famous The world’s biggest luxury goods firm, LVMH, has cast doubt over its planned $16bn (£12.5bn) takeover of US-based jeweller Tiffany. LVMH agreed to acquire Tiffany last November, but coronavirus-induced turmoil on financial markets has overshadowed the deal. After days of… Read more →

Watchdog blocks JD Sports’ takeover of Footasylum

Image copyright Getty Images The UK’s competition watchdog has blocked sportswear retailer JD Sports from taking over rival Footasylum, saying the purchase would leave shoppers worse off. The Competition and Markets Authority (CMA) said the £90m deal would leave shoppers with fewer discounts and lower quality customer service. JD Sports hit back, saying it “fundamentally” disagreed with the CMA. The… Read more →