888 Confirms Interest in Bwin.Party

Online gaming firm BWin.Party (BPTY.L) has confirmed it has received an offer in cash and shares from peer 888 holdings. In a statement from 888 the company said it saw “significant industrial logic” in the merger of the two companies, with its shareholders voting 59% in favour of the move.

This comes after news last week that BWin.Party (BPTY.L) has received other offers from companies including GVC Holdings and todays news could now trigger a bidding war over BWin.Party (BPTY.L)

BWin.Party (BPTY.L) Shares were up around 10% this morning at around 110p.

888 Holdings is holding firm around 164.50p.