888 Acquires Bwin.Party for £898 Million

The race to acquire their rival online gaming operator looks to be over, as 888 acquires bwin.party after agreeing a cash and stock deal worth approximately £898.3 million (€1.3 billion/$1.4 billion). As reported by iGaming Business, 888 earlier this week confirmed it was to launch a last-ditch effort to acquire bwin.party, despite GVC Holdings having already put forward an offer for the operator. GVC, in partnership with Amaya Gaming, submitted an offer of 110 pence per share, a bid that valued the company at approximately £900 million. Despite bwin.party having responded positively to the bid, stating that it would work…