The 888 bwin.party takeover has turned into a bidding war with 888 Holdings and GVC Holdings wanting the assets of bwin.party.

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.

888 bwin.party Takeover News

888 Holdings have announced the possible acquisition of bwin.party in a statement released on the 18th May. A proposal has been sent to bwin.party with an offer that would benefit both companies including the shareholders.

888 Holdings would then takeover the entire bwin.party and it’s shareholders will receive either cash or shares in 888 Holdings in compensation.

A merger of the two companies would secure the 2nd place position of 888poker and add at least a thousand cash game players to their daily poker traffic.

bwin.party have received the proposal and issued a statement that they are currently reviewing the proposal and an announcement will be released soon.

888 Holdings announce bwin.party merger

Wynn have entered into a partnership deal with 888 Holdings and the All American Poker Network to offer legal online poker in the USA.

888 will offer the casino and poker software for Wynn Interactive, a similar deal which 888 have with Caesars Entertainment and the new WSOP online poker software which launched recently.

Wynn Interactive have applied for online gaming licenses to operate in Nevada as well as New Jersey with plans to offer regulated online poker in states where poker is legal.

The All American Poker Network was created by 888 Holdings earlier this year, the poker network will be exclusively for US poker players.

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