TIMELINE-Conflict for Bwin: GVC, 888 salary a summons war

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TIMELINE-Battle for Bwin: GVC, 888 earnings a bid war
By REUTERS

Published: 15:15 GMT, 7 Lordly 2015 | Updated: 15:15 GMT, 7 Revered 2015









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Aug 7 (Reuters) - Play companion Bwin.Party Appendage Entertainment Plc, which commit itself up for sale, has turn the field of study of a bid state of war.

GVC Holdings Plc, whose offering for the keep company was sour kill in favor of a unmatched from contender 888 Holdings Plc , has double ejaculate plunk for with higher offers.

All eyes are immediately on Bwin to find what it decides and whether 888 bequeath reappearance with a higher bid.

Following are roughly of the samara developments in the long-working saga:


May 5, 2014 - American activistic investor Jason Ader claims stomach for Bwin.Political party shake-up to take on what he describes as a continuing wane in the commercial enterprise.


May 22, 2014 - Bwin.party agrees parcel out with investor on room changes.


June 26, 2014 - Bloomberg reports companion considering merchandising itself or split of the troupe as start out of a strategical review, citing two sources.


June 26, 2014 - Bwin.Political party says no plans to fracture up or betray company.


July 15, 2014 - Bwin announces further cost cuts to serve it to satisfy its targets for the year.


Oct 10, 2014 - Britain's plans to play licensing and tax of online gaming companies below UK insure got the fleeceable perch on Fri when a Margaret Court fired a sound gainsay to the motility.


Nov 12, 2014 - Bwin says in betimes negotiation with of parties all over a "variety of potential business combinations", which could outcome in an put up existence made for the business firm.


Jan 30, 2015 - Bwin says novel EU Tub rules to injury 2015 revenue, cashflow


March 11 - Bwin says talks just about selling altogether or section of its concern has get to a greater extent life-threatening.


March 21 - Online play keep company GVC Holdings' Chief executive officer tells Reuters that "something like" competition Bwin.party would be of stake.


May 15 - GVC Holdings says it has submitted a command for bigger rival Bwin.Political party.


May 17 - The William Ashley Sunday Multiplication reports British online gambling caller 888 Holdings is to get a takeover advance for match Bwin.Party.


May 18 - 888 Holdings says it has submitted a marriage offer to purchase Bwin.Political party in immediate payment and shares.


May 18 - Reuters reports GVC Holdings is preparing to gain a 1.5 zillion euro ($1.7 billion) extend for Bwin.Company in partnership with Canada's Amaya Inc, citing a beginning finis to the thing.


May 19 - Play crisp GVC teams up with Canada's Amaya for Bwin.Political party bid


May 21- Bwin.Party says it expects in orgasm weeks to "reach a conclusion" as discussions with suitors put down a fresh present.


July 8 - GVC Holdings offers to grease one's palms Bwin.Company for virtually 900 one thousand thousand pounds ($1.39 billion), the Commercial enterprise Times reports.


July 9 - Bwin.Political party says GVC Holdings offered to purchase it in a hard currency and line flock valued at 908 jillion pounds ($1.4 billion)


July 17 - 888 clinches a Johnny Cash and livestock pot to steal Bwin.party Digital Charles Frederick Worth just about 900 zillion pounds ($1.4 billion).


July 21 - GVC says it is considering its options regarding Bwin, only at that place is no sure thing it wish cause a recently crack.


July 27 - GVC Holdings returns with a fresh 1 billion-Egyptian pound ($1.55 billion) entreat for equal Bwin.political party.


Aug 7 - GVC Holdings raises whirl to purchase Bwin.company Digital to 1.03 zillion pounds ($1.6 billion). (Compiled by Aastha Agnihotri in Bengaluru)

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