Bwin Share Price Jumps Amid Possible Bidding War
The stock market was alive with activity as Bwin announced that they were in “preliminary talks” over a “variety of potential business combinations” relating to Bwin.party and also including the possible sale of the whole Gibraltar-based company.
Shares in the online gaming giant skyrocketed from 107.8 pence per share to 119.1 pence each, with Bwin officials remaining coy on who the potential bidders might be although many market experts believe that is more than likely to be the Canadian group Amaya who recently bought Full Tilt Poker and PokerStars.
Playtech are also rumoured to be interested in investing in the gaming giant, but all of this news came about after Amaya announced that they had made a purchase offer to the stock exchange. At this point, it became common knowledge that parties were interested, yet Bwin themselves are yet to confirm or rule out any names specifically, simply stating that they are in talks.
The big name companies rumoured to be in the running have all created successful games for their customers from the traditional sports betting at football matches and horse races to the kind of games and sites you would find on the Two Big Ladies bingo review site.
Playtech are also rumoured to be interested in the UK-bookmaker Ladbrokes who have hundreds of stores around the UK and a good online and mobile presence, so even if they’re unable to compete with Amaya and other interested parties, it may not be the end of the world for the expanding company.
In an interview in The Telegraph in the UK, Jason Ader - whose company launched a campaign against the business and management of Bwin and subsequently took a 5% stake in the firm and a seat on the board - said in an emailed statement: "I cannot speak about a potential sale of Bwin but it is my belief that the company continues to be undervalued and I support any and all efforts by management and the board to unlock that value for the benefit of all shareholders."