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Shareholders of both bwin.party and GVC Holdings have overwhelmingly approved the latter’s purchase of the former, that according to eGaming Review on Tuesday. bwin.party shareholders held a pair of meetings, a court meeting, and a general meeting. The court meeting vote was slightly less favorable to the acquisition, with 94.5% voting in favor compared to […]
It appears the long, drawn-out battle for bwin.party is over. On Friday, it was announced that the company’s board had unanimously approved a $1.7 billion offer from GVC Holdings, the owners of Sportingbet. bwin.party is the parent company of PartyPoker and bwin, among other brands.
Like two suitors standing below the window of a maiden they are attempting to woo, the love songs from GVC Holdings and 888 Holdings to bwin.party continue to grow louder. On Tuesday, bwin.party, the parent company of PartyPoker, confirmed that is has received a new acquisition proposal from 888 Holdings, just the latest in a […]
We tend to think of online gambling as the Wild West, where mavericks build empires from humble offices, compete against each other, come up with the next big thing, and develop the next big marketing idea.
The tug-of-war over bwin.party continues as GVC Holdings and 888 Holdings try to win the heart of their online gambling rival. 888 CEO Brian Mattingley (pictured) is both confident that his company will win the day and none too thrilled about the latest developments.
Last week, we reported that shareholders of bwin.party recommended that the company’s Board of Directors approve a $1.4 billion acquisition by 888 Holdings, the parent company of 888 Poker. However, not refusing to lay down and die, GVC, which had been in a bidding war with 888, has upped the ante, reportedly bidding $1.6 billion […]
After a flurry of bids, 888 Holdingswon the battle to buy rival bwin.party on Friday. The price: $1.4 billion in a cash and stock deal. 888 won out over a similarly-priced joint bid by GVC and Amaya, the latter of which already owns PokerStars and Full Tilt.
Online gaming firm GVC Holdings, in conjunction with Amaya Gaming, has confirmed its offer to buy iGaming giant bwin.party for £908 million (around $1.4 billion dollars).
According to media outlets in both the mainstream and the gaming community, Luxembourg-based GVC Holdings and the Canadian company Amaya Gaming are jointly trying to acquire what was once the largest gaming company in the industry, bwin.party.