GVC 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.
GVC’s €900 Million Bid for bwin.party bwin party has confirmed reception of GVC's acquisition offer this morning, the latter also stated it had approached bwin party with an offer at 110p per share, valuing the business at around €900m (€1.3bn/$1.4bn).
bwin party's announcement confirms media reports published earlier in […]
888 confirms Bwin Party bid Online gaming operator 888 has revealed that is has made an offer to acquire the entire issued and to-be issued capital of rival company bwin.party.
The operator said in a statement that the acquisition would comprise cash and 888 shares.
Further development occurred this morning […]
Sales slump for bwin.party iGaming Business - Online gambling company bwin.party has warned that its full-year turnover could slump by up to 17% as it streamlines the business to focus on markets where it can generate better returns.
In its interim results, the company revealed that its earnings before […]