Belfast Telegraph

Hill's £350m bid for gaming firm has failed

A £350m 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.

The Daily Telegraph reported that William Hill's boss Ralph Topping was expected to return with a revised offer.