18th May 2015 05:47
LONDON (Alliance News) - 888 Holdings PLC is understood to have tabled a rival offer for online gambling group Bwin.Party Digital Entertainment PLC, following confirmation last week that Bwin had entered takeover talks with GVC Holdings PLC, The Sunday Times reported.
The paper said 888 has moved to gatecrash the GVC deal, with City sources saying confirmation of its bid could come as soon as Monday.
Bwin said in a statement on Friday it was in talks with a "number of third parties" about a sale of the business, before GVC confirmed it was in talks for a reverse takeover of the business.
http://www.thesundaytimes.co.uk/sto/business/Retail_and_leisure/article1557071.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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