An agreement was reached between 888 Holdings and bwin.party on Friday, July 17, consisting of £898 million ($1.4 billion) in cash & shares in the merged company.
But GVC Holdings are not yet done in bidding for the company and are expected to make a counter offer to out bid their competitors. The first GVC/Amaya bid was a cooperative offer which wasn’t received so well because of Amaya involvement in the deal.
GVC Holdings are planning to bid without the help of Amaya in the efforts to try reach an agreement to acquire bwin.party.