11/29/2012 : PLAYTECH CONFIRMS WILL HILL INTEREST IN VALUATION OF W.H.O.
Valuation necessary for William Hill plc to exercise its call option on Playtech's 29 percent of WHO
Online gambling group Playtech plc has announced that it has been formally advised by William Hill Online partner William Hill plc that that company is triggering the valuation process for William Hill Online as part of its right to exercise its call option over Playtech's 29 percent stake in the business.
Playtech chief exec Mor Weizer said that WHO is a key driver of William Hill's overall success and, as a major supplier to WHO and the wider business, Playtech is dedicated to maintaining its close working relationship with William Hill to support its continued growth.
In the event that the option is exercised Playtech is committed to the smooth handover of the 29 percent stake in order to ensure an efficient and fair transition and support WHO's growth going forward.