Key facts
- Evoke has agreed to a takeover by Bally's Intralot.
- The acquisition is valued at £243.1 million.
- Evoke shareholders will receive 0.537 new Intralot shares per Evoke share.
- The deal is expected to be completed by the first quarter of 2027.
- Evoke shares jumped 12.5% following the takeover offer.
Evoke, the company that owns the betting brands William Hill and 888, has agreed to a takeover by Bally's Intralot. The acquisition is valued at £243.1 million. Evoke shareholders will receive 0.537 new Intralot shares for each Evoke share. The deal is anticipated to be completed by the first quarter of 2027. Evoke shares surged 12.5% following the takeover offer, which is part of Bally's strategy to acquire Intralot. The sale follows a decision by Evoke to put itself up for sale after a tax increase on betting companies was announced in the UK Budget.