After months of hard negotiations, the battle for the takeover of the bwin.party Group ended on Friday, June 17, when a statement from 888 Holdings announced the conclusion of a deal worth $1.4 billion.
"The boards of 888 and bwin.party are pleased to announce that they have reached an agreement on the terms of a recommended offer pursuant to which [888 Holdings] will acquire the entire issued and to be issued ordinary share capital of bwin.party," the note states.
According to the statement, bwin.party shareholders will receive 39.45 pence in cash for each bwin.