Bwin.Party Confirms Takeover Talks

Submitted by Reuters on

Written by :

Reuters

Published on :

(Reuters) - Online gambling company Bwin.Party said on Wednesday it was in early talks with a number of parties over a "variety of potential business combinations", which could result in an offer being made for the firm.

Shares in Bwin.party, which made the statement in response to recent media speculation, jumped almost 17 percent on the news to 126 pence.

The company has faced pressure from U.S. activist investor Jason Ader's Spring Owl vehicle to shake-up its board, improve its growth strategy and reduce infrastructure costs.

Related Content

Spiked drink

MGM Settles Vegas Ketamine-Spiking Lawsuit Filed By Super Agent: Says He Lost $2 Million Gambling

Neither party is disclosing the sum involved as part of the confidential settlement
The Lost Book of Mummy’s Curse Slot

Where Can I Find The Lost Book of Mummy’s Curse Slot Online?

The Lost Book of Mummy’s Curse slot was set to debut April 22, 2026
Empty pockets

Slow Pay, No Pay Jazz Sports Still Sending Out Bonus Emails

Despite not paying some customers, Jazz Sports continues to email customers about 100 percent re-up bonuses
Hard Rock Bet jackpots

Hard Rock Bet Casino's Jackpot Tops $1 million in New Jersey

The site promotes $5,000 jackpots daily in the only other state it has an online casino, Michigan.