Online gambling firm GVC Holdings is prepared to further raise its offer for rival Bwin.party Digital Entertainment to at least £1.1bn (€1.6bn, $1.7bn), as it looks to persuade the Bwin board against a counter offer from 888 Holdings.
GVC's new offer is expected to more than match any revised 888 offer, Times reported, citing sources close to the process.
If GVC is able to close the deal, it would turn the firm into one of the world's most innovative online entertainment companies with enhanced presence in both gaming and betting. The combination is expected to produce £95.6m in synergies.
Edited by Tony_MON7ANA (27 August 2015 @ 05:55 GMT)