Island company clinches £1.1bn deal for Bwin
Bwin - whose brands include Partypoker, Partycasino and Foxy Bingo – had originally agreed to an offer from 888, worth about £900 million, before GVC, which owns Sportingbet, fought back.
Bwin has now abandoned the 888 approach and accepted GVC's £1.1 billion offer, something it said was ‘fair and reasonable’.
Bwin said the GVC deal provided £120m additional value compared with the 888 bid.
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