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bwin.party agrees to £898m acquisition by rival 888

17th July 2015 6:25 am GMT

bwin.party digital entertainment and 888 Holdings have reached agreement on a 104.09 pence per share bid by 888 to acquire the entire share capital of bwin.party.

The agreement sees 888 win out over rival GVC in its bid to acquire bwin.party, despite offering a lower price than GVC's 110 pence per share bid.

The acquisition will be made through a new wholly-owned subsidiary of 888 Holdings, 888 Acquisitions, and comprises 39.45 pence [...]

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