Bwin.Party confirms potential takeover talks

Online gaming firm BWin.Party (BPTY.L) has confirmed it has recently received several merger proposals including to many peoples surprise an attempt at takeover from AIM listed GVC Holdings to merge with its much bigger brother.

Spokesman from BWin.Party (BPTY.L) confirmed that negotiations were continuing with “a number of third parties on a variety of possible business combinations”. Although the comment did come with the note of caution that none of the current discussions may result in a solid offer for the company.

Shares in BWin.Party (BPTY.L) have been under pressure this year after 2 potential buyers already pulled out of discussions earlier in the year, and its poker business continues to struggle due to a decline in regulated online poker markets, forcing the company to report a full year loss in March.

It is also reported that company has been fighting several legal battles with potential suitors including William Hill, Ladbrookes and US Firm Apollo Global.

Shares in BWin.Party (BPTY.L) were up  nearly 12% in todays trading finishing around 100p on the day.