Gambling deadline gets punted

William Hill has been given more time to finalise a £485m takeover of rival gambling group Sportingbet. Britain’s largest bookmaker is making a joint bid with smaller betting firm GVC Holdings.The companies have provisionally agreed a cash and shares deal which would value Sportingbet shares at 56.1p each. The deadline for a formal offer to be submitted has been extended until Friday, 21 December. It had been due to expire last night.