888 Holdings will try to convince bwin.party to agree to a takeover following a GVC/Amaya’s £900m offer.
Sunday Times reported that 888 will meet bwin’s management and representatives to try to reach an eleventh-hour agreement. Although 888’s bid offer to bwin is not as high as GVC’s, 888 was said to be unlikely to come back with an improved cash offer but instead it would focus on the potential synergies between the two businesses.
bwin.party has released a statement last week saying that its board had “determined to work with GVC so that they can finalize their offer over the coming days.”
GVC issued its own statement saying that the company have put forward a very compelling offer for bwin, and are pleased to have received the support of the bwin board.