Bwin.party said to have agreed 150p per share cash offer from Amaya
Bwin.party Digital Entertainment, a UK-listed online gambling operator, was said to have agreed to accept a cash takeover offer of about 150p per share from Canadian counterpart Amaya Gaming, The Daily Mail reported. The newspaper’s market report section did not cite a source for the rumour.
Bwin this month confirmed reports of bid talks with several potential bidders. Bwin confirmed that Deutsche Bank is its nominated advisor, The Times reported on 13 November.
The Daily Mail article noted that rival gambling site operator Playtech has previously been mentioned as a potential bidder for Bwin. The high street bookmakers Ladbrokes, Paddy Power and William Hill are also likely to have considered making offers for Bwin, according to the newspaper.
A market report in the Daily Express briefly mentioned chatter that a takeover approach is on the cards for Bwin.party, but did not give any further details and did not cite a source for the speculation.
Bwin.Party Digital Entertainment’s share price closed 1p down at 106p in London yesterday, 26 November, valuing the company at GBP 870m (EUR 1.09bn).
Source Daily Mail, Daily Express, previously reported intelligence