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According to The BBC, Online gambling firm 888 said that it is buying Bwin.party Digital Entertainment in a cash and stock deal valued at £898m or $1.4 billion dollars.
Bwin.Party website is BwinParty.com and the company’s name was created long before all these new domain extensions began.
The offer is 104.09 pence per share which is at a 1.2 percent premium to Bwin.party’s close on Thursday and consists of 39.45 pence in cash and 0.404 new 888 shares for each Bwin.party share.
According to the BBC the deal comes less than six months after 888 rejected a takeover bid from William Hill, for about £750m.
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