888 Holdings Plc says it received an approach from William Hill about a possible takeover.
The confirmation does not mean a formal offer will be made, but the statement on the approach to the London Stock Exchange boosted shares of 888 Holdings 18 percent.
No financial details were disclosed.
William Hill is working with Citigroup Inc. as it evaluates a possible offer, Bloomberg News reported citing an unnamed source.888 is advised by Investec Bank Plc and Morgan Stanley.
