In a late night announcement, Caesars Entertainment has confirmed they’ve reached a deal to buy William Hill. The £2.9 billion ($3.7 billion) takeover was announced in a Tuesday night press release, with the deal set to conclude in the second half of 2021.

The companies have agreed to a buyout at £2.72 per share, That’s exactly the price they had confirmed when they earlier admitted to the attempted takeover, and just under Hills’ current trading price of £2.74.

The deal must now be agreed to by 75% of William Hill shareholders. Two rival bids by Apollo Global Management were turned down before Caesars made their winning bid.

Caesars Entertainment CEO Tom Reeg stated: