Bwin.party Digital Entertainment Share Discussion Threads

[hubshank] 24/8/2015 07:37

Rns confirms they are still considering Gvc but 888's offer srill stands!

[hubshank] 24/8/2015 06:22

I've always said/ felt, they are holding out until results day! Nornert would get lunched if Gvc walked away from the deal at this stage. I think a crucial part to the puzzle is due to be released imminently or an offer accepted. I feel he's stringing it out for a reason.

[coxsmn] 23/8/2015 14:33

I suspect time and patience is running out and Bpty need to make a decision, stick with 888 or agree GVC as the preferred bidder if genuinely open to a higher offer.

[gotnorolex] 23/8/2015 12:52

“Both 888 and Bwin are expected to release their half-year figures on Friday.”

With max focus on reporting interim figures on Friday, how is it possible to keep their 5-10 day decision promise!

[loganair] 22/8/2015 22:39

GVC threatens to walk out on £1bn takeover battle for online gambling giant Bwin.party:

GVC Holdings says it could ‘walk away’ from the fight for online gambling giant Bwin.party if the board continues to recommend an offer from arch rival 888 Holdings.

Sources close to GVC say it will increase its cash-and-shares offer for Bwin if 888 Holdings raises its own bid.

However, if 888 does not lift its offer but still remains the recommended bidder then GVC is threatening to turn its back on the battle – which has been raging since last November – and pull out of the takeover process altogether.

‘Bwin has played a clever game of poker here by keeping both parties interested,’ said a GVC source. ‘But we are considering all options, including walking away.’

However, analysts believe it is likely that both 888 and GVC Holdings will increase their offers.

Bwin is seen as a game-changing deal for both companies. GVC and 888 have cash-and-share offers on the table, which value Bwin at more than £1billion.

Bwin shares closed flat at 114p on Friday while 888 closed down 2 per cent at 158p.

GVC Holdings, which is listed on Aim, closed down 3 per cent at 424p.

While Bwin’s shareholders will be delighted that there are two competing offers, the problem for the board is to work out the best way of comparing the two.

GVC is seen as having greater experience in the rapidly expanding and very lucrative sports betting market and the greater possibility of cost-saving synergies, but 888 is listed on the main stock market which is seen as more attractive.

Both 888 and Bwin are expected to release their half-year figures on Friday.

Bwin is the fourth largest online betting operator, with 888 in eighth place and GVC in 12th. An 888-Bwin business would leap into second place, while a GVC-Bwin tie-up would take it ahead of William Hill into third place.

[hubshank] 21/8/2015 15:44

at today's exchange rate, that equates to £1.33 per share. 888's counter bid will be marginal, if at all, given how low the first bid was. IMHO that is!

[gotnorolex] 21/8/2015 15:12

FoxyBingo owner to publish results as takeover saga rolls on
The latest developments in the takeover moves for bwin.party will be in focus next week while challenger bank Aldermore and Frankie & Benny's owner The Restaurant Group also update the City on progress.

[gotnorolex] 21/8/2015 14:55

bwin.party Acquisition: GVC Bids $1.72 Billion, 888 Plans Their Next Move

[gotnorolex] 21/8/2015 11:30

The Independent
It should think carefully. If the market shies away from GVC and its shares fall before the deal, or the merged business turns out to be a dog, that 130p-a-share paper valuation will shrink very fast indeed. My advice to Norbert and Co? Stick.

Will BPTY go with GVC? The paper thinks it's a disruptive idea! Has Norbert got the balls to think out of the box?

[gotnorolex] 21/8/2015 10:53

Translated by Google!
Decision on Friday!
About the new quotation amounting to 1.1 billion pounds the bwin.party management to decide as early as Friday . If the GVC - quotation be found annehmenswert , but a deadline should be given to the 888 Holdings yet to rectify if necessary .



No idea what "annehmenswert" means, suggest it's reads "acceptable"?

[coxsmn] 21/8/2015 08:01

The Independent also gave GVC an 'Avoid' rating a few years ago, the shares went on to quadruple in value.

[hubshank] 20/8/2015 18:56

At today's exchange rate, that is £1.19 per share - so above it will need to be!!!

[loganair] 20/8/2015 17:55

“A combined Bwin and GVC business would be far more valuable in the longer term than that of the alternative."

[gotnorolex] 20/8/2015 17:22

According to a report from Bloomberg, GVCHoldings said that it is willing to go above $1.55 billion in an effort to beat out 888 Holdings, which is also trying to acquire Bwin, one of the industry’s heaviest hitters.

[hubshank] 20/8/2015 16:30

Largest Trades today so far....

Time Price Volume Value Buy/Sell Type
16:11 114.80p 300,000 £344,400 Buy O
15:52 114.54p 300,000 £343,608 Sell O
14:33 115.15p 250,000 £287,875 Unknown O
10:25 114.30p 250,000 £285,750 Unknown O
08:47 114.30p 200,000 £228,600 Unknown O
14:34 115.33p 100,000 £115,325 Buy O
08:00 115.00p 97,509 £112,135 Buy AT
13:04 114.90p 61,950 £71,181 Buy AT
08:00 115.00p 59,000 £67,850 Buy UT

[hubshank] 20/8/2015 16:20

OK so GVC secure BPTY at a revised figure of £1.255 - £1.30 per share. What is the perceived value of the new shares once takeover complete? From memory it was around £4.65 - don't quote me on that figure....

[hubshank] 20/8/2015 16:17

I have just read on Digital Look's Share cast, that GVC prepared to up bid to £1.30. Struggling to cut n paste link but think Sharecast widely available.

[loganair] 20/8/2015 14:19

"GVC: We’ll do everything in our power to secure bwin.party."

[stdyeddy] 20/8/2015 13:24

Yes indeed, shares up. One whole penny and just about one percent. share price is still 15p below the widely reported price offered by GVC. How come? How can the large shareholders resist getting another 13%?

[gotnorolex] 20/8/2015 11:40

BUZZ-Bwin.Party: Shares up on tussle for takeover

[gotnorolex] 20/8/2015 10:31

The Times newspaper reported that the Sportingbet owner would sweeten its offer to at least 130 pence per Bwin share, which closed at 113.50 pence on 19 August. This would be the third increase by GVC from its original offer of 100 pence.

Earlier in August, GVC revised its offer to £1.03bn, or 125.5 pence per share, from about £1bn, or 122.5 pence per share, but Bwin was still in favour of a £900m, or 104.09 pence per share, bid by 888 Holdings, saying a deal with GVC would be too complex as the acquirer is smaller than the acquired.

[turborock] 20/8/2015 10:25

Could some kind soul remind me of what the bids currently are? I've lost track recently. Cheers

[gotnorolex] 20/8/2015 10:18

My "Thank God" grace.....For what were about to receive make us truly thankful!;~)