Written by :
Aaron Goldstein
Published on :
It’s official as Gambling911 told our readers yesterday. Online gambling company 888 Holdings will take over rival Bwin.party in a cash and stock deal valued at about £898m.
Jason Ader, a major shareholder of the company, and New York based hedge-fund owner issued the following statement today:
“I have worked closely with the BWIN.Party board to maximize value for all of shareholders throughout the year. I brought 888 into the process to maximize shareholder value because I believe not only are 888 the best buyer for this company but that its management team will realize significant long-term synergy value for our shareholders with the least amount of execution and regulatory risk.”
- Aaron Goldstein, Gambling911.com
