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William Hill plc Completes Sportingbet Acquisition

Tuesday, 19 Mar 2013 11:16am EDT 

William Hill plc announced that it has completed the acquisition of Sportingbet's Australian business and has been granted a call option over Sportingbet's locally licensed Spanish business for a total cash consideration of GBP459.4 million. The acquisition was made as part of a recommended offer for Sportingbet by William Hill and GVC Holdings plc (GVC). It is in line with the Group's strategy to develop its online business, to increase its exposure to attractive markets by taking local licences and to diversify its revenues by geography. 

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