GVC stock up in Bwin bid ploy
GAMING group GVC could make a solo play for Bwin.party to trump rival 888’s £898.3million agreed offer for the poker site.
Gaming group GVC could make a solo play for Bwin.party
GVC had been prepared to pay £906.5million in a joint bid with Canada’s Amaya, which owns PokerStars, but this was seen as a more complicated and higher risk deal than 888’s offer.
There can be no certainty that an offer for Bwin will be made
It would need to raise a substantial sum to mount a bid on its own but it is thought to have received positive feedback from investors.
GVC said: “There can be no certainty that an offer for Bwin will be made but the board is considering options and will update shareholders accordingly.”
Shares rose 15½p to 425p.