GVC may take another crack at acquiring bwin.party
News on 21 Jul 2015
News on 21 Jul 2015
The British media reported Monday that GVC, thwarted in its attempt with Amaya Gaming to acquire Bwin.Party Digital Entertainment (see previous reports) is mulling a solo re-offer despite the apparent preference by Bwin for the 888 Holdings bid.
But going it alone without Amaya’s cash will entail a major fund raising drive, which GVC is reportedly exploring with institutional investors, according to a Reuters report.
Online casino and poker firm 888 has announced that a deal worth GBP 898 million has been reached with Bwin.Party, lower than a rival GBP 908 million-pound bid from GVC and its Canadian partner Amaya Inc.
