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New offer for Sportingbet

BOOKMAKER William Hill and its partner GVC Holdings have tabled a revised offer for online gaming firm Sportingbet.

A deal worth around £530 million was understood to be in the pipeline until Sportingbet produced less than stellar quarterly financial results last week.

The new proposal values the business at £485m and a conditional agreement has been reached.

The parties have been granted an extension until December 18 to finalise details of the deal.

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