Bally’s Intralot announced the acquisition of Evoke, the parent company of William Hill and 888, with Evoke shareholders receiving 0.537 shares in Bally’s Intralot per Evoke share.

Bally’s Intralot has confirmed the acquisition of Evoke, the parent company of well-known betting brands William Hill and 888. Shareholders of Evoke will receive 0.537 shares in Bally’s Intralot for each Evoke share they hold, valuing the deal at £243.1 million ($327 million).

The agreement values each Evoke share at 52 pence and will bring the total value of the company to £243.1 million ($327 million) upon completion of the acquisition.