29th of November 2012 Author: Johnny Karp
An announcement came this week from online gambling group Playtech plc in which it says it has been formally advised by its partner in William Hill Online, William Hill plc that they are triggering the valuation process for William Hill Online as part of its right to exercise its call option for Playtech's 29 percent stake in the business.
According to Playtech chief exec Mor Weizer, WHO is a crucial factor in William Hill's overall business success and as a major supplier to WHO, Playtech is intent on keeping its close working relationship with William Hill so the growth could continue.
He also added that if the buy-out option is exercised, Playtech will make sure the handover of the 29 percent stake goes smoothly in order to provide an efficient and fair transition and support WHO's growth going forward.
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