11:21, October 10 220 0

2016-10-10 11:21:11
Gibson Dunn and Slaughters advise on £4.6bn William Hill merger

Gibson Dun & Crutcher is advising William Hill on its most recent merger discussions with gaming rival Amaya, with Ashurst and Slaughter and May also winning roles.

The news follows the breakdown of negotiations between William Hill and a consortium last year, which included Rank Group and 888 Holdings.

Gibson Dunn and Slaughters are understood to have worked with William Hill throughout the talks, with the British-listed bookmaker looking to accelerate its strategy in both the digital and international marketplace.

Partner Jonny Earle was on hand for Gibson Dunn, while Slaughters partner Sally Wokes has also been working with William Hill on the financial aspects of the deal.

The transaction is set to involve English, US and Canadian law, with Stikeman Elliott partner Amanda Linett providing the latter for William Hill in Toronto.

William Hill’s intended merger partner Amaya called upon advice from Canadian firm Osler Hoskin & Harcourt, who fielded a team led by partner Doug Bryce.

Ashurst partner Karen Davies has been providing English law advice to new client Amaya, with Blake Cassels & Graydon also winning a role through Toronto-based partner Jeff Lloyd.

Should the deal go through, William Hill and Amaya would create one of the largest gambling companies listed in London.

The tie-up would result in consist of a £4.6bn all-share “merger of equals” although the discussions are still ongoing.