Puzzling - part 3

I see Bwin's board has this morning switched its recommendation to a £1.1 billion offer from GVC. Here is a link to the press release:

http://www.investegate.co.uk/gvc-holdings-plc--gvc-/rns/rule-2-7-announcement/201509040700110808Y/

I guess Bwin directors must have been reading little old Betaville earlier this week...

Back on Tip TV talking about SAB Miller, Bwin and Aga Rangemaster

Here is a link to today's chat with Zak Mir about what's happening in the UK M&A market at the moment.

http://www.tiptv.co.uk/finance/ma-outlook-august-ma-high-and-set-to-continue/

Puzzling - part 2

Dom Walsh had an interesting take in the Bwin bid battle situation in this morning's The Times, with GVC suggesting it could go hostile should the board stick to its recommendation of a lower offer from 888 Holdings.

Here is a link to Dom's piece:

Puzzling

I can't claim to have been following the Bwin bid battle between 888 and GVC in too much detail since it began in earnest a few months ago.

But today it would appear the Bwin board is sticking by its recommendation of 888's offer despite having received a higher takeover proposal from GVC.

The twitterati on a quiet Friday afternoon in the London market during August

Dom Walsh over at The Times has been tweeting about the Bwin takeover tussle between 888 and GVC. Here is what the top leisure reporter has picked up:

Dominic Walsh ‏@walshdominic  1 hr1 hour ago

888 Holdings appears to be having trouble syndicating a $600m loan for its Bwin bid amid uncertainty created by GVC's impending counterbid

Back on Tip TV talking about Bwin, Aveva, Receptos and Quindell

It's a Monday, so it's time for another session on Tip TV.

Here is a link to today's show with Zak:

http://www.tiptv.co.uk/archives/the-weekly-mergers-and-acquisitions-update/

Back on Tip TV talking about Bwin, Ladbrokes and Quindell

It's a Monday, so I was invited back on Tip TV. Here is a link to today's clip:

http://new.livestream.com/accounts/6179362/events/3873087/videos/79617756/player?autoPlay=false&height=360&mute=false&width=640

Back on Tip TV talking about Salix, 888, Bwin, Quindell and SAB Miller

Here is something to do on a rainy Monday afternoon in mid February. Click on the link to watch me talk about M&A on Tip TV:

http://www.tiptv.co.uk/archives/mergers-and-acquisitions-2/

A New Year's Eve party at Bwin

It's been a volatile morning for shares in Bwin.Party Digital Entertainment. Last night, the online gaining group released a pre-close trading update that at first glance looked like a bit of a stinker of a profit warning. Here is link to the statement: http://www.investegate.co.uk/bwin-party-digital--bpty-/rns/pre-close-trading-update/201412301809579793A/ 

The trading update comes as Bwin has been talking to "third parties" about "consolidation" and "business combinations". Indeed, Geoff Foster says in his Daily Mail market report today that gaming software company Playtech is on the verge of winning the Bwin auction with a 140p a share/£1.2 billion offer.

Back on Tip TV talking about Bwin, Ladbrokes and rather large resource deals

I was invited back on Tip TV this morning. Here is a link to today's show: http://new.livestream.com/accounts/6179362/events/3637039/videos/70380132/player?autoPlay=false&height=360&mute=false&width=640" 

Playtech/Sagi said to be punting on Bwin

Here is an interesting snippet on a live M&A situation.

I hear from excellent sources that Playtech, the gaming software development company, and its largest shareholder, the Israeli billionaire Teddy Sagi, are taking a good hard look at Bwin.Party Digital Entertainment, the online betting group.