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William Hill's Largest Shareholder Demands Sale of Gambling Company

William Hill is once again at the center of merger speaks, but this time the company's largest shareholder wants it to be the prospective of a takeover.

William Hill is allegedly back on the trading obstructs after the company's chief stakeholder reportedly called for the group to find a buyer that is potential.

Parvus resource Management, a London-based hedge fund that controls 14.3 per cent associated with the UK bookmaking and gambling company, is reportedly pushing William Hill to simply accept a takeover that is qualified.

According to The Sunday instances, A uk weekend newspaper, Parvus thinks William Hill should check out be acquired by, or merged with, another leading online gambling firm. Potential suitors include GVC Holdings, as well as 888 Holdings and The Rank Group, the two latter which attempted to purchase William Hill summer that is last.

Both Parvus and William Hill declined to comment, but conjecture is operating rampant in britain due to the hedge investment's considerable power.

Launched in 1934 by the business's namesake, William Hill today employs some 16,000 people. The bookmaker has 2,370 real betting shops across the UK, which compliments its gaming that is online network.

Up to Parvus

It ended up being just last October that the investment team publicly blasted William Hill's potential aligning with Amaya, the company that is canadian-based owners PokerStars.

Parvus said at the time,