Poker news tagged with 'gvc holdings'

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.

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 figures are mentioned.

Read more » GVC To Make New Offer For bwin.party?