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...DraftKings’ chief executive Jason Robins held talks with a group of 888 shareholders — FS Gaming — about making an all-stock offer for William Hill owner 888, the people said....
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...He added that he “[continued] to see material upside from the successful execution of the William Hill integration”. 888 bought William Hill’s non-US business from Caesars Entertainment in a £1.95bn deal...
...These days, equity mutual funds are only a fraction of the overall stock market, so they can outperform as a group without violating Bill Sharpe’s arithmetic of active management....
...The UK is 888’s biggest market, accounting for around two-thirds of group revenues....
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...Additional reporting by Jennifer Hughes, Harriet Clarfelt and George Steer in New York and William Sandlund in Hong Kong...
...Instead of an annual management fee, the manager passes on all costs to their end investors....
...It will bring together senior leaders from North America’s leading asset and wealth management firms, including Capital Group, BlackRock and Goldman Sachs....
...“What used to take us three weeks can take us three hours and clients currently pay on the time taken, not the output,” says S4’s Sorrell....
...HIG Capital has filed a complaint against fellow middle-market specialist Audax Group, which sold telecoms software company Mobileum to HIG for $915mn in early 2022....
...A long V-shaped fissure which cuts dramatically through the backrest, when seen from the front, reveals the silhouette of Batman’s horned mask....
...Lord Jonathan Mendelsohn, 888’s chair who is serving as interim chief executive, said the William Hill owner was “fully co-operating” with the licence review....
...“If the group was stretched out all over London, it would be hard to do the daily rounds,” says Williams, who trained under chef Robin Gill and learned the importance of keeping one’s “finger on the pulse...
...“We would like to have seen or see some financial targets to have some real guardrails in mind about what management believes the right growth potential is.”...
...That came months after data group Morningstar acquired Leveraged Commentary and Data, which reports on debt financing transactions, from S&P in a deal worth up to $650mn....
...Asset Management....
...She has also become a member of its management committee....
...The investor group has yet to meet 888 management but is likely to push for a speedier integration between 888 and William Hill to drive down costs, and could request a board seat for Alexander or Feldman...
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