Rumors that Bwin Party Digital Entertainment is up for sale have been swirling since November 2014 and recently peaked in the media driving up the share price.
Time and time again GVC Holdings has been in the center of rumors. The company partnered with William Hill in 2014 to acquire Sportingbet.
GVC and Bwin Party released similar statements on Friday confirming that they were in discussions.
Bwin said it is in discussions with GVC and "a number of third parties” while GVC confirmed the submission of a proposal to acquire 100% of Bwin.Party Digital Entertainment. Should the proposal be accepted, it would be handled like a reverse takeover requiring approval from shareholders.
The companies both say that nothing is final and will provide updates in time.
sharpe
8 years ago
This is a monster deal and I'm sure that it's going to happen sooner or later, no matter the cost of shares. In the today's global business world where the companies becoming in a monster corporates this is pretty normal. William Hill who is all ready a huge brand and after the last year acquiring of Sportingbet will be...
This is a monster deal and I'm sure that it's going to happen sooner or later, no matter the cost of shares. In the today's global business world where the companies becoming in a monster corporates this is pretty normal. William Hill who is all ready a huge brand and after the last year acquiring of Sportingbet will be even more powerful if this deal is going to be proceeded.
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leannep
8 years ago
I am lame when it comes to finances, math, financial matters, etc. My immature instincts (in this area) though, are nudging me to ask - does this mean that William HIll, itself, is having some kind of trouble? I heard a couple of 'they didn't pay' stories, etc., lately, and this quick turnover....well, it's likely a story...
I am lame when it comes to finances, math, financial matters, etc. My immature instincts (in this area) though, are nudging me to ask - does this mean that William HIll, itself, is having some kind of trouble? I heard a couple of 'they didn't pay' stories, etc., lately, and this quick turnover....well, it's likely a story I will never hear in entirety, and, thus, will never understand. Hmm, go figure.
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