The Financial Times has reported that GVC Holdings Plc is prepared to offer £900 million ($1.3 billion) to acquire rival bwin.party Entertainment. The deal is set to compromise of a cash sum valued at 110 pence per share combined with a new stock issuance in the merged operator. . As bwin.party is the bigger business entity, the acquisition will be …
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bwin.party sale could earn Teufelberger €24 million
UK newspaper, The Daily Telegraph has reported that bwin.party CEO Norbert Teufelberger could cash in up to €24 million (£17 million) on the sale of the company to its interested suitors. The newspaper has reported that Teufelberger holds a reported 13 million shares in bwin.party plc stock, with a further 9.2 million in company share options. According to the Daily …
Read More »Amaya Completes Sale of Cadillac Jack to AGS for $476 million
Amaya Inc today confirmed the completion of its $476 million sale of Cadillac Jack, Inc to AGS LLC an affiliate of funds managed by Apollo Global Management, LLC Pursuant to the previously announced Stock Purchase Agreement, AGS has purchased all of the shares of Amaya Americas for an aggregate purchase price of approximately $476 million1, comprising cash consideration of approximately $461 million …
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