GVC Holdings Acquires Bwin.party as 888 Holdings Quits

bwin-party-logo-75x68GVC Holdings won the bidding battle and acquired Bwin.party digital entertainment after 888 Holdings said that they are no longer interested in the acquisition. The cash and shares offer of GVC with a value of 130p per share was accepted by Bwin.party’s board which valued the company at approximately £1.1 billion. The chairman at Bwin.party Philip Yea said that shareholders got a pretty even split. 888 Holdings submitted a revised bit increasing the value of the shares from 105p per share to 115p said that they don’t see a good reason to revise their offer again and, therefore, are no longer in discussions regarding the Bwin.party acquisition.

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