Last sum advanced GVC Holding to buy bwin.party Group is $ 1.72 billion, is now expected offer from 888 Holdings.
According to the newspaper “The Times”, hoping to conquer the hearts of shareholders bwin.party, a British group increased stake from the initial offer with the planned early to exceed 888 Holdings.
Those in leadership bwin.party met yesterday to decide whether to accept the last offer or keeping the advanced 888 Holdings, worth $ 1.4 billion.
To counter offer GVC, 888 will have to convince banks JP Morgan and Barclays to finance, and to accept a loan larger than $650 million initially made available for purchase.
The two banks are hesitant to support the business as the business end is unclear. On the other hand, Itai Frieberger, COO at 888 Holdings is optimistic and says in a discussion with eGaming Review that unity between 888 and bwin.party would be “one of the most successful merger in the history of gambling, given that it will reduce costs and will create a highly effective operator with four vertical supported by a single marketing platform. ”
Poker players – Who should take?
A union between 888 and bwin.party would bring closer the prospect that Amaya, PokerStars and FullTilt owner to be in front of a strong competitor. And how real competition is the best engine for the development of a consumer product and only ally against corporate pragmatism, a conglomerate between 888 and potential markets and bwin.party would be very good news for online poker supply dynamics.
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