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Bwin.Party Shares Tank as Hopes for Buyer Diminish

Written by:

Aaron Goldstein

Published on:

Feb/13/2015

Bwin.Party Shares Tank as Hopes for Buyer Diminish

Shares in the FTSE 250 online gambling company Bwin.Party lost almost a fifth of their value Friday after reports surfaced that a potential suitor had stopped pursuing the struggling company.

The shares fell 18.95p to close the day at 83.55p.

The gambling firm was in talks to be acquired this past November but discussions reportedly stalled.

The news comes just as we are learning that William Hill is in negotiations to acquire 888 Holdings, which in the past year witnessed its online poker network surpass that of PartyPoker, Bwin.Party’s marquee brand.

- Aaron Goldstein, Gambling911.com

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