We have previously reported that the bwin.party board of directors accepted the £1.16 billion acquisition offer by GVC Holdings. After the boards approval, the shareholders also had to vote for the deal to be completed.
On December 15 the shareholders voted and 99.9% of both parties have supported the acquisition.
The deal will most likely by finalized on February 1 and the company will go on the London Stock Exchange the next day.
Although there were speculations that GVC could sell some assets of bwin.party, such as the poker room, Kenny Alexander, the director of GVC stated in November that their goals is to make the assets as profitable as possible, not to sell them.
GVC Holdings acquired bwin.party after a long bidding with with 888 Holdings that GVC eventually won with the £1.16 billion offer mentioned earlier.
The online poker room of the company, PartyPoker is running plenty of fantastic promotions in December, check out our room review page for further information and register today!
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