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GVC considers upping bwin bid to 130p

London AIM listed operator GVC Holdings is considering an increase to 130p ($2) per share for its takeover bid of Entertainment, the London Times reported.

The bid increase would represent GVC’s third attempt at luring away from bid leader 888 Holdings, who has offered a takeover deal valued at £908 million.

On 7 August, GVC upped its bid to 125.5p per share. An increase to 130p would see GVC value at over £1.1 billion.

Since May, GVC and 888 Holdings have been competing to takeover operations. In its latest update stated that it preferred the deal proposed by 888 Holdings as the company had better synergies with its operations.

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