It ain't over 'til it's over. Just when most of us thought 888's takeover of bwin.party was secured, it is reported by seval respected newspapers that GVC Holdings is still considering making a counteroffer to acquire bwin.party. According to The Telegraph, GVC Holidings is considering a last shot at bwin.party without the backing of Amaya, the owner of PokerStars and Full Tilt. However, no figur[...] Read more » GVC To Make New Offer For bwin.party?
Joined: May '08
Location: Lithuania
Age: 40 (M)
Posts: 10090
great news, a company with $250 million cap wants to buy another company for $1.5+ billion... rumours go that the deal will be financed by kim jong un himself with the only prerequisite is that party poker must be renamed to "North Korean Democratic Party Poker" not that anyone has sth against this right?
Joined: Mar '12
Location: United Kingdom
Age: 46 (F)
Posts: 2261
I really hope that Amaya have no involvement in this deal,I don't see how they can be allowed to take over most of the world's online poker.Also if GVC is only valued at £250 million then how can it finance a takeover of £1.4 billion. We can see how the online world is changing business,I used to think of the business world as New York,London,Geneva,Beijing,Tokyo.Hong Kong but 888 are Gibraltar,Israel and Romania.
Joined: May '08
Location: Lithuania
Age: 40 (M)
Posts: 10090
how can a company with 250 mil capitalization finances a takeover of ~1.5 billion? simple- same situation if you have 1 dollar at the store but toilet paper costs 2 dollaros... what you do? borrow form a friend, credit card, sell a55 in the street (oops that one is wrong)... but you get the picture- if you don't have enough cash, you must borrow it from someone... issue some junk bonds, new stocks or find some partners to be part of the deal...
