GVC Raises Bid for Bwin.Party Digital Entertainment Acquisition

GVC Holdings plc and 888 Holdings are in a bidding war for ownership of Bwin.Party Digital Entertainment as GVC put forth another bid despite the Bwin board of directors favoring 888’s offer.

GVC has raised its offer twice in the last two weeks; however Bwin's directors say that 888’s lower offer is still more attractive.

Bwin.Party directors issued a statement on Friday that confirmed it’s working with GVC on revisions to its offer but said there is no guarantee that it will be accepted.

The statement said, "Bwin.Party’s directors’ unanimous recommendation of 888 Holdings plc’s offer is unchanged by this announcement."
  • No avatar medium

    sharpe

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    Those two fitting for months now and I didn't know if we can call that news any more. As far as I know 888 Holdings have make the first offer but after that GVC joined the auction and if they hold the highest offer now they have to be considered for a favourites but I think Bwin.Party directors have other thoughts in their minds. But we'll see.
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    finallyfinally

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    bwin is partypoker
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    iDark

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    Gcv and 888 holdings is strong players, with huge resources and experience, so this tasty peach, bwin, will be more interesting after lifting up the bids. I believe it's gonna be huge amounts of money in this deal. Bwin owners should take a position and wait for the greatest offer, as they doing right now. I don't understand, why are so many aquicitions? This remain me the situation of real-estate bubble. Maybe, now's about the online gambling industry bubble explosion?
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    josh1973

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    what are the well known casinos associated with BWin? im not sure that I have never even played at a b win casino. For probably a lot for usa players.:(

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