Bwin.Party share price soars as it confirms takeover talks November 12, 2014 Shares in FTSE-listed Bwin.Party soared by more than 10 percent this afternoon, after the online gambling company was forced to confirm rumours it was in early acquisition talks. The statement issued to the London Stock Exchange entitled "media speculation" said: The Board of bwin.party confirms that it has entered into preliminary discussions with [...]
Bwin.Party looks to make €10m additional cost savings in 2014 July 16, 2014 Online gaming company Bwin.Party yesterday said it would look to cut an additional €10m (£7.9m) in costs to help it meet its targets as the firm faces additional pressure from an activist investor. In a trading update yesterday, the firm said sports betting had benefitted from the World Cup but described the performance of its [...]
Bwin.party board in deal with SpringOwl May 22, 2014 ONLINE gaming company Bwin.party has agreed to let an activist US investment group to take a seat on its board in a compromise deal following weeks of verbal sparring. The agreement headed off an expected clash at the company’s annual meeting in Gibraltar, where investor SpringOwl, which has a five per cent stake in Bwin.party, [...]
Activist investor slams Bwin as former 3i boss appointed chair April 9, 2014 BWIN.PARTY is facing shareholder criticism after the appointment of the former chief executive of private equity group 3i as the online gambling group’s new chairman. Philip Yea, who was ousted as boss of 3i in 2009 in the wake of a disastrous year that saw the firm’s debts soar and shares fall, will succeed Bwin’s [...]