October 06, 2020
Caesars Entertainment, Inc. ("Caesars") and William Hill PLC ("William Hill") announced that they have reached agreement on the terms of a recommended cash acquisition pursuant to which Caesars will acquire the entire issued and to be issued share capital of William Hill for approximately £2.9 billion (the "Acquisition"). The historic acquisition would bring together Caesars as one of the largest gaming-entertainment companies in the U.S. and one of the world's most diversified gaming and entertainment providers, and William Hill as one of the world's leading betting and gambling companies.
Latham & Watkins LLP represents Caesars in the financing of the transaction with a cross-office team led by San Diego partner Sony Ben-Moshe, Los Angeles partners Steven Stokdyk, Ken Askin and Brent Epstein, London partner Ross Anderson with associates Bryan Monson, Philip Dear, Douglas Abernethy, John Hutton, Hannah Drake, Adam Fovent, Grace Garcea, Michael Jung, Zoe Liu, Eric Rice, Nicholas Surry, and John Welling. Advice was also provided on derivative matters by New York partners Rafal Gawlowski, Yvette Valdez, Jeremy Green and Catherine Lee with associates Eric Rice and Ashley Weeks; on finance matters by London partner Lene Malthasen and New York partner Larry Safran; on tax matters by Los Angeles partner Sam Weiner, New York partners Jiyeon Lee-Lim and Elena Romanova and London partner Karl Mah with associates Lauren Bewley, Kathryn Harrington, Aoife McCabe, Ed Moberly, and Robert Thomas; and on securities matters, DC partner Alex Cohen.