Bwin.Party is the result of a 2011 merger between Bwin Interactive Entertainment and PartyGaming. The outcome was an online powerhouse offering sports betting, online poker, and a variety of online casino games.
In November 2014, Bwin.Party shared that they were in “preliminary discussions with a number of interested parties regarding a variety of potential business combinations.”
While everyone who has offered a bid has not come forward publicly, it is clear that interest is high. On Monday, the New York Times reported, 888 Holdings confirmed that they have submitted a formal bid to partner with Bwin.Party. This bid came in with 59% of 888 Holding’s shareholders voting in favor of the proposed takeover.
The buzz around the impending transaction is boding well for Bwin.Party’s stock and investors are watching all potential and rumored moves very carefully.
888 Holdings is based in Gibraltar and employs around 1,800 people. Bwin.Party has offices in Europe, India, and the United States—and employees around 2,300 people.
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