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 [...]
