888 Holdings to Buy bwin.party for $1.4 Billion

Apart from and GVC, bwin. By Aastha Agnihotri and Neil Maidment. The acquisition of bwin. Bwin-Bwin Situation

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This is way above the rumors that were floating around when it was first confirmed about the takeover, and it also values bwin at a ratio of 9. With joining the company will grow to an even bigger outfit and will be a leading operator in Germany, UK, Spain, Italy, Denmark and Belgium.

It will hold licenses in 13 different jurisdictions as well. Save my name and email in this browser for the next time I comment.

Notify me of follow-up comments by email. Notify me of new posts by email. This site uses Akismet to reduce spam. Takeover talks started already back in , when companies like like Amaya Gaming , Holdings , William Hill , Ladbrokes , and Playtech were all reported to be interested in gaining control of bwin. That, however, did not prevent GVC from presenting several new bids and from bringing their offer to buy the bwin.

Speaking to the press earlier this week, GVC Chairman Lee Feldman explained that the company was not ready to walk away from the negotiations and did not exclude a hostile takeover in order to gain control of the bwin. Get all the latest PokerNews updates on your social media outlets.

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Retrieved July 12, Retrieved July 30, The poker-playing GVC boss itching to get chips in middle when takeover cards are dealt.

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