Spring Owl Investor Jason Ader Wants More Than a Billion for Bwin.Party

Following news last week that GVC had stepped in to outbid 888 Holdings in the acquisition of Bwin.party by offering a billion dollars, Spring Owl investor Jason Ader reportedly says that figure is not good enough.

Ader, who serves on the board of Bwin.party, was influential in arranging the 888 Holdings deal.

But a billion dollars and change will most certainly raise some eyebrows.

The current 888 deal is worth 104.09p per share, and the revised GVC offer is 122.5p per share. Ader wants that to rise to 140p per share.

“There are a lot of risks and uncertainties with this GVC bid.” Ader told Bloomberg this week.

- Aaron Goldstein, Gambling911.com