From e70b9026fe421d9154176bcae7ea2737349eafb7 Mon Sep 17 00:00:00 2001 From: arthurbarkman4 Date: Mon, 22 Sep 2025 05:28:53 +0300 Subject: [PATCH] Add Online Betting Company Bwin Accepts GVC Takeover Bid --- ...g-Company-Bwin-Accepts-GVC-Takeover-Bid.md | 26 +++++++++++++++++++ 1 file changed, 26 insertions(+) create mode 100644 Online-Betting-Company-Bwin-Accepts-GVC-Takeover-Bid.md diff --git a/Online-Betting-Company-Bwin-Accepts-GVC-Takeover-Bid.md b/Online-Betting-Company-Bwin-Accepts-GVC-Takeover-Bid.md new file mode 100644 index 0000000..601bf4b --- /dev/null +++ b/Online-Betting-Company-Bwin-Accepts-GVC-Takeover-Bid.md @@ -0,0 +1,26 @@ +
Online wagering company Bwin accepts GVC takeover bid
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4 September 2015
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Online betting [business Bwin](https://gitlab.ujaen.es/kellicarpenter) has accepted a ₤ 1.1 bn takeover deal from GVC Holdings in choice to rival bidder, 888 Holdings.
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Bwin had originally accepted a deal from 888, worth about ₤ 900m, however GVC, the owner of Sportingbet, [combated](https://asteroidsathome.net/boinc/view_profile.php?userid=904884) back.
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Bwin - whose brands include Partypoker, [Partycasino](https://clone-deepsound.paineldemonstrativo.com.br/nildagoolsby89) and [Foxy Bingo](http://nwr0818.cafe24.com/bbs/board.php?bo_table=free&wr_id=18941) - said GVC's deal was "fair and affordable".
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Bwin chairman Philip Yea stated in a company video that investors were divided about deserting [the yohaig code](https://gitlab.ujaen.es/kellicarpenter) 888 [bet9ja's welcome offer](https://gogs.spbda.ru/luisshultz4888).
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"There was a pretty even divided of those that expressed views one way or the other. But we likewise had a significant block of shares that mored than happy to support the board on its considerations,"
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GVC's deal, of 25p in money and 0.231 new GVC shares concerns almost 130p per Bwin.party share based upon Thursday's closing cost.
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Reducing costs
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Bwin said the [GVC deal](https://code-proxy.i35.nabix.ru/michaelatrower) [supplied](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) ₤ 120m additional value [compared](https://gitlab.oc3.ru/u/melainevarley) to the 888 bid.
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The [company stated](https://careers.ebas.co.ke/employer/kc-gaming-networks-limited/) they were likewise swayed by higher anticipated savings and GVC's performance history of [incorporating](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) acquisitions, such as that of Sportingbet in 2013.
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Earlier [this promotion code](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=149923&item_type=active&per_page=16) week it was reported that GVC was [prepared](https://ipo.fountain.agri.ruh.ac.lk/employer/kc-gaming-networks-limited/) to release a hostile bid for Bwin.
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The 888 board confirmed it had withdrawn from the bidding procedure stating it can not see [adequate worth](https://gitlab.anycomment.io/cindastidham38) in Bwin to [increase](https://minka.gob.ec/finlayboykin12) its deal.
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[Stricter policies](https://minka.gob.ec/finlayboykin12) are pushing online betting companies to merge to try and decrease operating [expenses](https://theindievibes.com/tuyetodum12311).
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Size is likewise seen as crucial to make sure competitiveness in an online market buoyed by the use of [tablets](https://theindievibes.com/garlanddarbonn) and [mobiles](https://gitlab.anycomment.io/cindastidham38).
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Shares in Bwin, rose in early [trading](https://asteroidsathome.net/boinc/view_profile.php?userid=904884) in action to the news, but have given that fallen.
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GVC shares shut down by nearly 4%. Meanwhile 888 shares closed up by 0.31%.
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GVC declines to quit on Bwin bid
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7 August 2015
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GVC ups stakes in Bwin bidding war
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27 July 2015
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888 in [takeover](https://musiccosign.com/christinstrach) method for Bwin
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18 May 2015
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Bwin.party
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GVC Holdings
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888 Holdings
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