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GVC Holdings confirms approach to acquire bwin.party

15th May 2015 11:00 am GMT

UK-listed online gaming operator GVC Holdings confirmed Friday that it has submitted a proposal to acquire the entire share capital of bwin.party digital entertainment.

In response to recent speculation in the media and an increase in its share price Friday, bwin.party confirmed that it is continuing its discussions with a number of third parties and has received revised proposals, including from GVC, regarding a variety of possible business combinations.

“There can be no guarantee that these discussions [...]

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