Caesars approaches UK’s William Hill over potential takeover | Business

William Hill, one of the UK’s largest and best-known high street bookmakers, is at the centre of a possible US bidding war that could mean it is bought by the operator of the Las Vegas casino, Caesars Palace.

Shares in the British gambling company surged by more than 40% on Friday after the bookie said it had received “separate cash proposals” from a private equity firm, Apollo Management International, which is currently in the running to buy Asda, and from the hotel and entertainment group, Caesars Entertainment.

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