Bingo

888 beats GVC Holdings in race to acquire bwin.party

Operator clinches "transformational" £898m deal for the Gibraltar-based firm despite offering a lower price than rival bidder GVC

888 Holdings has beaten GVC in the race for bwin.party after this morning announcing an agreement to acquire the beleaguered operator in a deal worth nearly £900m. Under the terms of the agreement 888 will pay 104.09p per share, less than the 110p proposed by GVC last week, for the Gibraltar-based operator via its 888…

888 Holdings | Acquisition | Bingo | Brian Mattingley | bwin.party | Casino | M&A | Norbert Teufelberger | Poker | Sports betting

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