elfanddwarf
21 Jul 2015
Re: Is It All Over? GVC may be back [link]
bankmuppet
20 Jul 2015
Re: Is It All Over? Report in Telegraph online that GVC have been sounding out institutions with a view to examining whether they could raise capital to make a bid without Amaya. Might account for small rise today.
Gotnorolex
18 Jul 2015
Re: Is It All Over? Sorry, too late now, another reason why I think the agreement is down the river of no return!Analyst-turned-investor Jason Ader has the second-largest shareholder stake in Bwin.party through his New York-based Spring Owl hedge fund.Ader said in a statement he brought 888 Holdings into the sale process in an effort to "maximize" shareholder value."I believe not only are 888 the best buyer for this company but that its management team will realize significant long-term synergy value for our shareholders with the least amount of execution and regulatory risk," Ader said.
bankmuppet
17 Jul 2015
Is It All Over? Just got quote at 106p, so maybe the market feels that GVC may come back in to the equation. 888 up over 11% which, as was pointed out by PokerGypsy earlier, is a benefit if it goes through. Still confirms that 888 got a good deal.
elfanddwarf
17 Jul 2015
Re: Even Worse - 104p Confirmed from 888 Selling on the cheap is not good management but then we didn't expect good management only hope is that the deal is rejected by the holders given the price reaction in 888 and the current price of Bwin that is still possible.
PokerGypsy
17 Jul 2015
Re: Even Worse - 104p Confirmed from 888 888 and Bwin have much more common business that Amaya/gvc - this is an easier merge. BWIN sports front end is 1sr class - and party's backend is old school mess. Hopefully 888s backend will replace party's and we have better of both worlds.If done correctly I see happy a rosey future...but then Im an eternal optimist. But my share building optimism at 93p has worked out
PokerGypsy
17 Jul 2015
Re: Even Worse - 104p Confirmed from 888 Actually - I'm ok with this deal, and prefer it to GVC/Amaya. Its good that 888 has risen - because your Bwin shares are worth 40% of an 888 share - so its already near 110p anyway Bwin should have bought out 888 a couple of years back im my opinion, but I'm happy owning shares of a company that currently has a monopoly on the US market... if RAWA fails this will lead to increased revenue no doubt - if they can pool poker liquidity I think they will be able to fend of Pokerstars even if they do get to enter the market.Bwin.Party bingo platforms are run by 888 anyway I think - so there is instant cost savings to be had there without any software change costs. There will be a lot of cost saving to be had overall especially in the poker business in terms of # of employees. I'm actually tempted to plough my 40p per share straight back into 888 
smoketoomuch
17 Jul 2015
Re: Even Worse - 104p Confirmed from 888 This deal is a joke so will be voting against it. The "Management" need to do better..
bankmuppet
17 Jul 2015
Re: Even Worse - 104p Confirmed from 888 3% rise in 888 seems to back up my view as to which side is getting the better deal here. Why would you turn down a 110p a share offer for 104p? They will say long term view ........, really.I could not think this mob could get any worse, but yet again they have proved me wrong.GVC, please come back to the table.
bankmuppet
17 Jul 2015
Even Worse - 104p Confirmed from 888 Well they really have sold out haven't they. This is a shocker, over and out.
bankmuppet
16 Jul 2015
Re: Good start to the day Elf, think this is just a repeat of last week's update and if it was that good, they wouldn't need to selling the business for a song.
elfanddwarf
16 Jul 2015
Good start to the day [link]
Gotnorolex
12 Jul 2015
Last throw of the dice in battle for Bwin! Gambling takeover to be decided this week as 888 tries to thwart £900m offerDaniel Dunkley Published: 12 July 2015888 has a market value of £559m Alamy 888 has a market value of £559m (Alamy)THE gambling outfit 888 Holdings will make a last-ditch attempt to persuade rival Bwin.Party to agree to a takeover this week, after falling behind in the £900m bid battle for the poker company.City sources said 888 would meet Bwin’s management and representatives to try to reach an eleventh-hour agreement, after rival gaming group GVC stole a march and detailed a 110p cash-and-shares offer last week.City sources said GVC has been chosen as the preferred bidder, and 888 would need to convince Bwin of the merits of the stock component of its offer, after falling slightly short of GVC’s 110p valuation.Insiders said 888, which has a market value of £559m, was unlikely to come back with an improved cash offer and would instead focus its efforts on detailing the synergies between the two businesses, particularly the overlap in regulated markets.
bankmuppet
10 Jul 2015
Re: GVC Offer 110p - JOKE? I hope you are right, but they let GVC put it out there. Maybe to stimulate others!
PokerGypsy
10 Jul 2015
Re: GVC Offer 110p - JOKE? Chairman of the Board was installed by Jason Ader - who bought 6% of bwin Feb 2014 - so at 120ish per share - cant see him take a 4million pound loss by having his chairman ok this deal. 110p is a lowball offer - never going to be accepted (I hope).
