After a meeting held on Thursday, Sept. 3, Bwin.party Digital Entertainment's has decided to accept the latest bid from GVC Holding and agreed on a takeover deal that could be completed already by the end of 2015.
According to a joint statement released on Friday, "the boards of GVC and bwin.party are pleased to announce that they have reached agreement on the terms of a recommended offer pursuant to which GVC will acquire the entire issued and to be issued ordinary share capital of bwin.party."
The cash and share operation is estimated to cost a total of £1.