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BWIN - G.V.C. CONFIRM ACQUISITION NEGOTIATIONS
Friday May 15,2015 : BWIN - G.V.C. CONFIRM ACQUISITION NEGOTIATIONS IN PROGRESS (Update)
The rumours were true...but there are other suitors.
Speculation that the European online gambling group Bwin Party Digital Entertainment was in talks with a sale in mind have been circulating since last November, and rose to a fever pitch this week, with media reports sending the share price northwards.
The name that keeps cropping up is GVC Holdings, which teamed up on the Sportingbet acquisition last year with William Hill and has let it be known that it remains on the acquisition trail.
On Friday GVC and Bwin Party issued very similar statements reconfirming to the market that they were in talks.
The Bwin statement referred to the media speculation and said that it is continuing its discussions with GVC and "a number of third parties", adding that GVC has submitted a revised set of proposals regarding a variety of possible business combinations.
The GVC statement revealed that the group has submitted a proposal for the acquisition of Bwin.Party Digital Entertainment in its entirety. The company also noted that if the proposed transaction were to be approved, the acquisition would be treated as a reverse takeover that would require the approval of the shareholders.
Both companies have cautioned that there can be no guarantee that these discussions will result in any transaction being completed, and have committed to giving a further update in due course.
London Stock Exchange data on Friday morning portrayed Bwin Party as having a market capitalisation of GBP 805 million, compared with GVC’s market capitalisation of roughly GBP 280 million.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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