NEWS
13 November 2014
BwinParty holds takeover talks
By David Cook
ne operator BwinParty has revealed that takeover discussions have taken place with groups interested in acquiring the firm.

The Gibraltar-based company released a statement confirming that discussions are ongoing, but no potential buyers were mentioned..

The statement read: “Further to recent media speculation regarding a possible bid for bwin.party, the Board of bwin.party confirms that it has entered into preliminary discussions with a number of interested parties regarding a variety of potential business combinations with a view to creating additional value for bwin.party shareholders.

“Such discussions may or may not result in an offer being made for the company. However, as all such discussions remain at a preliminary stage, there can be no certainty as to whether or not they will result in any form of transaction with any party."

Among those rumoured to be interested in a takeover are Canadian company Amaya Gaming, the owners of PokerStars and Full Tilt.

Further speculation was sparked by provider Playtech’s announcement that it would be generating €315m for acquisitions by issuing a convertible bond.