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Today’s Financial Times reports that “888 close to victory in £900m Bwin bid battle.” A deal is expected to be announced in the next few days – or sooner.
Interestingly, FT reported that activist investor Jason Ader was heavily involved in ensuring this deal came to fruition – Ader owns 6% of the company. A hedge-fund owner, Ader is well-known to Gambling911 readers from his earlier victory over IGT – and he’s a man known to be heavily-involved in many things gambling.
FT noted that “888 has been competing against a bid from GVC, which was backed by Amaya, the Canadian online gaming group.” This apparently impending deal comes on the heels of 888 rejecting a deal from William Hill, the largest UK bookmaker.
- C. Costigan, Gambling911.com Publisher
