Wednesday 11 March 2015

The party is still on at Bwin...

It looks like Bwin Party Digital Entertainment is still talking to potential buyers despite some news outlets claiming a few weeks ago negotiations had collapsed and the deal was off.

In this morning's full-year results statement, Bwin Party Digital Entertainment says:

"Further to the announcement in November, we continue to be in discussions with several parties regarding a variety of potential business combinations.  Aware that there has been speculation regarding the status of these discussions in recent weeks, the Board can confirm that it has received a number of indicative proposals.  Together with its advisers, the Board has entered a further stage of discussions with each party with a view to assessing the relative attractions of these proposals against the Board's objective of creating additional value for shareholders.  Whilst such proposals may or may not result in an offer being made for all or part of the Company, the Board confirms that as and when there are further material developments, it will make an appropriate announcement."

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