Bwin.party share price rises as GVC beats 888 with £1.1bn offer Bwin.party has finally been won over by GVC, signing a £1.1bn merger deal with its online gaming rival. The two companies came to the agreement after months of deliberations. GVC first expressed interest in buying Bwin in May. The news sent shares in Bwin rising 1.8 per cent to £1.17 when markets opened. [...]
888 steps up the fight for Bwin.party as GVC talks continue It must be nice to feel wanted. Bwin.party, the gambling software company which is currently the subject of a tug-of-war between 888 Holdings and Irish rival GVC, said today that 888 had revised its proposal for a takeover. The company had been in relatively straightforward takeover talks with 888 since May – until GVC waded [...]
888 profits dip as competition with GVC heats up for Bwin.party Online gambling giant 888 Holdings, which is currently in hot pursuit of Bwin.party, has promised to put all its cards on the table, as it unveiled a dip in revenues for the first half of 2015. The company said it will publish its prospectus for its recommended offer for Aim-listed Bwin as it attempted to [...]
Struggling banks must not be immune to watchdog’s bite August 12, 2015 It's two years since “saying it with Flowers” gained entry into the lexicon of British banking. This week’s dual censure from the banking and City regulators will have felt like groundhog day to Niall Booker and the rest of the Co-operative Bank’s management. The Treasury Select Committee and a review by Sir Christopher [...]
GVC Holdings increases Bwin.party offer to 122.5p to outbid rival 888 July 27, 2015 Has GVC Holdings just dealt the winning hand when it comes to Bwin.party? The gambling group has upped its offer for the site in an effort to lure shareholders away from the deal made by rival suitor 888 a fortnight ago. GVC has offered the company 122.5p per share, which will include up [...]
Can GVC trump 888 over Bwin.party? Rivals square up over gambling site acquisition July 21, 2015 Who has the best hand when it comes to taking over Bwin.party? The gambling site may have secured a deal from 888, but now rival group GVC Holdings has confirmed it is in talks about how to get in on the action. Last week 888 made an offer for the business of 104.09p [...]
888 share price bounces as it agrees to buy Bwin.party for £900m July 17, 2015 888 put it all on red, and has now emerged triumphant, having agreed to buy rival Bwin.party for £898.3m. That values Bwin.party at 104.09p per share, a premium of 16.4 per cent to the closing price on 14 May, the original day the offer was made. Since then, shares have risen as high as 108p [...]
888 plays final hand battle for Bwin.party July 13, 2015 Online poker operator 888 Group believes it is still at the table in the battle for the online gaming company Bwin.party. The group, which runs a popular poker website as well as online casino gaming, has arranged a meeting with Bwin this week. The move comes despite Bwin’s board declaring last week that [...]
Bwin.party share price rises after 888 Holdings takeover bid May 18, 2015 Shares in bwin.party soared over six per cent in early trading after rival 888 Holdings confirmed it had submitted a bid for all of bwin.party's share capital. Read more: 888 pays out as strong results give investors special dividend By contrast, 888's share price fell over five per cent, with investors seemingly not sold on its plans. 888 [...]
Bwin.party looks to gamble on talks over possible £1bn takeover November 12, 2014 ONLINE gaming company Bwin.party announced yesterday it was in early talks with a number of unnamed parties concerning a potential offer for the company, which could value it at just over £1bn. The Gibraltar-headquartered firm issued the statement in response to speculation over a possible takeover. Its shares closed up 10.48 per cent at 119.1p [...]