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William Hill PLC Agrees To Buy Tom Waterhouse NT-Reuters


Thursday, 8 Aug 2013 07:29pm EDT 

Reuters reported that William Hill PLC has agreed to buy Australian online betting firm Tom Waterhouse NT for up to AUD110 million ($100 million) including debt. William Hill has agreed to pay AUD34 million up front and assume AUD6 million in debt for tomwaterhouse.com. It will pay up to AUD70 million more on a sliding scale based on tomwaterhouse.com achieving earnings growth between AUD10 million and AUD30 million in 2015. 

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