Written by :
Aaron Goldstein
Published on :
Online gambling company GVC Holdings Plc said it had submitted a bid for rival Bwin.Party Digital Entertainment Plc , which announced in March it was looking for potential suitors.
GVC Holdings Chief Executive Kenneth Alexander had told Reuters in March that "something like" Bwin.party would be of interest to the company.
Bwin.party also said they are still in negotiations with a number of third parties as well.
Shares in Bwin.party rose 10.05p, or 11.2pc, to 99.45p - reaching their highest level since February - as traders who were betting on a buyout deal put their money back on the table, according to the London Telegraph.
- Aaron Goldstein, Gambling911.com
