8th Jul 2015 05:47
LONDON (Alliance News) - AIM-listed online sports betting and gaming company GVC Group PLC has offered just over GBP900 million to acquire larger rival Bwin.Party Digital Entertainment PLC, the Financial Times reports.
According to people familiar with the matter, GVC's bid, which is backed by Canadian gaming company Amaya Gaming Inc, values Bwin.Party at around 110 pence per share and is split between cash and stock, the FT said. Bwin.Party shares closed at 100.6 pence on Tuesday.
Bwin.Party is currently exploring a potential sale and is also in talks with 888 Holdings PLC, another London-listed online gambling company.
https://next.ft.com/46100932-41b2-3adf-a7cb-708ceade0770
By Sam Unsted; [email protected]; @SamUAtAlliance
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