PokerNews · Aug 20, 2015
bwin.party Acquisition: GVC Bids $1.72 Billion, 888 Plans Their Next Move
GVC Holdings New offer for bwin.partyThe bidding war for bwin.party Group is intensifying as reports state GVC Holding will put a $1.72 billion takeover bid on the table.
According to The Times, in the hopes of getting the attention of the bwin.party board, the British group has decided to raise the stakes once again by revising their August 7 bid of $1.6 billion, which offered 130p per bwin.party share.
According to the newspaper, the board of bwin.party will meet on Thursday, August 20 to decide to either accept the new bid from GVC or to confirm the $1.4 billion deal announced in July with 888 Holdings.