Recent talks of merging both Amaya Inc and William Hill together have officially come to an end, according to a statement released by Amaya this past Tuesday: “Those discussions have concluded, and Amaya and William Hill have determined that they will no longer pursue the merger.”
While it is not currently clear what ended the possibility of the merger, Amaya made reference to “certain inaccuracies contained in an open letter from a William Hill shareholder to William Hill’s board of directors.”
William Hill released a statement on Tuesday as well, commenting, “After canvassing views from a number of William Hill’s major shareholders, the board has decided that it will not pursue discussions with Amaya. Accordingly, the board has informed Amaya that it is withdrawing from discussions and wishes Amaya well for the future.”
A blog published on Amaya’s pokerstarblog website, read: “It is simply not true to say that poker is a mature or declining market based upon certain public data which under-reports the size and growth of the poker market,” reportedly in response to supposed inaccuracies."
In another statement from the company’s chairman, Divyesh Gadhia, added “Amaya is a strong and growing company with experienced management and a proven strategy to deliver profitable growth and shareholder value. Together with our financial advisors, we evaluated a wide range of strategic alternatives to maximise shareholder value and have concluded that remaining an independent company is in the best interest of Amaya’s shareholders at this time.”
“Amaya, William Hill end merger talks: statement” ggrasia.com, October 19, 2016.