Betting giants William Hill and Amaya Gaming have abandoned talks on a potential merger following public objections by Hills’ largest shareholder.
On Tuesday, Hills issued a statement saying it had decided that it “will not pursue” further discussions with Amaya “after canvassing views from a number of William Hill’s major shareholders.” Hills said it had informed Amaya of its decision and “wishes Amaya well for the future.”
Amaya issued its own statement offering Hills similar well-wishes while claiming that Amaya’s board had concluded that “remaining an independent company is in the best interest of Amaya’s shareholders at this time,” which is the most diplomatic way of saying no one else is currently interested in shacking up with Amaya.
Amaya also announced that it had “been informed” that former CEO David Baazov “continues to be interested in acquiring all outstanding shares of Amaya.” This runs contrary to media reports earlier this month that claimed Baazov had abandoned his plans to acquire and privatize the parent company of PokerStars.