GVC Holdings is getting ready to acquire bwin.party

Just few day ago bwin.party stakeholders adopted unanimously (99,9%) the decision about the takeover bid: the world poker operator is decided to be acquired by world gambling company GVC Holdings.

iGaming Business source reports: "We voted for the proposed merger scheme according to part VIII of Companies Act 2014. At general stakeholders’ meeting a special resolution on the realization of the scheme was adopted".

Dear friends, we’re still in utter disbelief but apparently it has happened finally! Now with full confidence we may assure that the everlasting story of bwin.party acquisition is finally over - and, to remind you, it has lasted since November 2014.

The hardest part of the whole thing is past now: both sides are just to discuss the conditions of the bargain. You will recall that GVC has made a bid of £1,1 billion ($1,6 billion) - this was reported in November. But there’s one concern: the seller has the right to cancel the takeover of bwin.party in case the GVC Holdings stock price tumbles. Anyways it’s very unlikely so far because the company business has been looking well lately: according to recent report the net profits of the company for the first half of 2015 increased by 14%.

It’s expected that the deal will be consummated at the beginning of 2016. Looking forward to the final chord!