Nearly a year ago, in June 2014, Bwin.party issued a statement saying “we can confirm that there are no plans to break-up or sell the company”. Just six months later, in November 2014, the company said “bwin.party confirms that it has entered into preliminary discussions with a number of interested parties regarding a variety of potential business combinations with a view to creating additional value for bwin.party shareholders”.
Now it seems that several parties are interested in acquiring some or all of Bwin.party’s operations.
May 2015 has seen two names mentioned in connection with Bwin.party. On Friday 15 May GVC Holdings stated it was in discussions with the company and then over the weekend 888 Holdings was also linked to the company.
888 Holdings commented:
“The Board believes that there is significant industrial logic in a combination of 888 and bwin.party, benefiting both companies and all shareholders and accordingly, has submitted a proposal regarding the acquisition of the entire issued and to be issued share capital of bwin.party for consideration comprising cash and 888 shares”.
Given the various statements, it is possible that different elements of Bwin.party’s operations will go to different buyers, as with the Sportingbet deal, which was divided along locally licensed and offshore licensed parts of the business.