Higher Bwin.Party bid from GVC Holdings?

GVCGVC Holdings is said to be considering increasing its offer to acquire online gaming operator bwin.party. As reported by iGaming Business, GVC has put forward a number of bids in an effort to take ownership of bwin.party.

GVC’s most recent offer came earlier this month, with the 122.5-pence-per-share bid valuing bwin.party at approximately £1 billion (€1/4 billion/$1.6 billion).

However, with the company still facing competition from preferred bidder 888, the Times newspaper has reported that GVC could increase its offer once again to 130 pence per share, valuing bwin.party at approximately £1.1 billion.

The newspaper reported that GVC’s board will meet today (Thursday) to discuss a potential new offer, with 888 expected to be given a grace period to make its own enhanced offer if the larger bid should be placed by GVC.

More at iGaming Business

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