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Activist investor SpringOwl acquires 6.1% stake in bwin.party

19th February 2014 8:52 am GMT

Shares in bwin.party digital entertainment rose by more than 5 per cent in London yesterday after an activist investor announced plans to acquire 6.1 per cent of the business from trusts associated with PartyGaming co-founders Ruth Parasol DeLeon and Russell DeLeon.

The two PartyGaming co-founders had announced last year that they would be selling off their remaining stakes in bwin.party in order to help the operator secure a New Jersey online gaming licence.

Parasol and DeLeon opted [...]

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