Major Bwin.Party Investor Says GVC Bid Not Good Enough
Key Takeaways
  • Jason Ader, CEO of Springowl Asset Management, has said that he does not think the price that GVC has offered to buy bwin.party is high enough to convince investors to prefer GVC over the rival offer from 888 Holdings.
  • “I would want a much bigger premium than 122.5 pence,” Ader told Bloomberg, adding that there “are a lot of risks and uncertainties with this GVC bid.”

Jason Ader, CEO of Springowl Asset Management, has said that he does not think the price that GVC has offered to buy bwin.party is high enough to convince investors to prefer GVC over the rival offer from 888 Holdings.