Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

888 Holdings Submits Revised Offer For Bwin

888 Holdings Plc, an online gaming company, submitted a revised takeover proposal for Bwin.party Digital Entertainment Plc, on Tuesday. Bwin has been on the market since November, and announced it received a revised offer from 888 and was looking over it along with a proposal it received from GVC Holdings. At first Bwin accepted a 900 million pound offer from 888, siting GVC’s 1.03 billion pound offer was too complex and the prospects of growth weren’t attractive.

888 promises cost benefits of at least $70 million per year by the end of 2018, while GVC has commited to benefits of more than $150 million per year by the end of 2017.