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PartyGaming & bwin confirm proposed merger

29th July 2010 10:11 am GMT

PartyGaming plc and bwin Interactive Entertainment AG have today confirmed their long anticipated merger with bwin set to take a 51.64 per cent holding in the expanded business, with the merger expected to be completed in the first quarter of 2011 subject to a number of conditions including at least 75 per cent approval by both sets of shareholders.

"This is a transformational opportunity for both our companies to create the world's largest listed online gaming [...]

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