TPG reportedly prepares $1.1bn financing for Bally’s Intralot bid for Evoke
TPG is reportedly prepared to provide about $1.1bn to support Bally’s Intralot’s proposed takeover of Evoke, the operator behind William Hill and 888. The final contribution could be lower, and TPG has not commented on the report. Evoke said discussions were continuing on a proposal expected to involve an all-share combination with a partial cash option; its deadline for a bid is 8 June.
The reported financing could affect the prospects and structure of Bally’s Intralot’s proposed acquisition of Evoke.