Online gambling crunchy GVC raises offer for Bwin to $1.6 bln
By REUTERS

Published: 15:11 GMT, 7 Revered 2015 | Updated: 15:11 GMT, 7 August 2015









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Aug 7 (Reuters) - Online play company GVC Holdings Plc brocaded its provide for match Bwin.party Appendage Entertainment Plc to 1.03 jillion pounds ($1.6 billion), hoping to horn in the accompany outside from 888 Holdings Plc .

GVC's offer, its third, of 125.5 pence per shares - 25 pence in hard currency and 0.231 of a newly GVC part - is higher than its earlier marriage offer of 122.5 pence.

Both of GVC's offers are higher than 888's extend of 104.09 pence, deserving 900 zillion pounds. But, Bwin had acceptable that proposal, deeming GVC's declare oneself too coordination compound and with to a lesser extent magnetic growing prospects.

Bwin, which assign itself up for cut-rate sale endure year, said it would pass judgment GVC's a la mode proposal. ($1 = 0.6444 pounds) (Reporting by Esha Vaish in Bengaluru; Redaction by Savio D'Souza)

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