GVC Holdings Plc, without the backing of Amaya, has now offered £1 billion (about 1.55 billion US dollars) to bwin.party. According to PokerNews, the Gibraltar-based company has revealed that it has obtained a $440 million loan from Cerberus Capital Management and it is also looking to raise approximately £150 million through an equity placing of new GVC shares for cash.
PokerNews also reported that 888 shares fell 3.7 percent after the news broke of a new offer from GVC. However, GVC stocks only declined by 0.8 percent to 425 pence.
Stay tuned for more details on the battle for bwin.party.
