Sportingbet rejects £350m approach

Press Association
Updated
Sportingbet logo
Sportingbet logo

Anna Gowthorpe/PA Wire/Press Association Images

A £350 million takeover proposal from Britain's biggest bookmaker William Hill has failed to win the backing of bid target Sportingbet.

The online gaming firm said the approach from William Hill, which has teamed up with European gaming company GVC for the deal, significantly undervalued the company and its prospects.
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