Typical. I mentioned it was unusually quiet in the UK corporate dealmaking scene in a post this morning and a couple of hours later my rivals unearth a cracking scoop.
Anyway, Bwin.Party Digital Entertainment confirmed at lunchtime that it has entered into talks with companies interested in buying, or merging with, the online gaining group.
Here is a link to Bwin's statement:
http://www.investegate.co.uk/bwin-party-digital--bpty-/rns/media-speculation/201411121210138478W/
The statement came after Paul Murphy over at FT Alphaville revealed Amaya Gaming Group of Canada had submitted a £1.2 billion takeover bid for Bwin. Huge hat tip to Paul, one of the best financial hacks knocking about the City of London.
Oscar Williams-Grut, the stock market reporter over at The Evening Standard and The Independent, also deserves a mention because he wrote prior to Bwin's statement that Playtech is interested in buying Bwin and raising finance via a convertible bond to do the deal.
Here is a link Williams-Grut's market report:
http://www.standard.co.uk/business/markets/market-report-playtech-eyes-bwin-after-issuing-315m-war-chest-bond-9856130.html
Last time I checked, and this was at least three months ago, Playtech was looking pretty hard at Ladbrokes, in which it already has a stake. Perhaps, though, Playtech, controlled by Teddy Sagi, has moved on? It sounds like Williams-Grut knows more than me on this one. So, keep on eye on his columns in The Evening Standard and The Independent.
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