- GVC Holdings has expressed its determination to win the corporate battle for bwin.party by indicating that it may increase its offer.
- “We will do everything in our power to win this auction and deliver the best value for Bwin shareholders, both now and in the future.”
- A report in the Times newspaper quoted an unnamed GVC source suggesting that the bid could increase to 130p a share, £1.1 billion.
- Another source indicates that “walking away” from the deal is a real possibility.
GVC Holdings has expressed its determination to win the corporate battle for bwin.party by indicating that it may increase its offer.
“We will do everything in our power to win this auction and deliver the best value for Bwin shareholders, both now and in the future,” GVC said in a statement to Bloomberg.
“A combined Bwin and GVC business would be far more valuable in the longer term than that of the alternative. We have greater synergies so we can pay more if necessary.”