BUSINESS

Pwin shareholders approve merger

TAGs: Bwin, bwinparty, PartyGaming, pwin

Anyone that’s been following the merger and acquisitions area of the online gaming industry won’t have failed to notice that Pwin has been the merger on everyone’s lips for some time. The merger has been bumbling along for some time now and as we reach the end of the first month of the year, it seems that come the next conference you attend, the two will have merged.

After all the months of speculation over the name, what the negotiations looked like, and also CalvinAyre.com pouring over the merger documents, the time has come.

According to a release penned by bwin, the shareholders of both the Austrian-based company and PartyGaming have approved the merger that will create the world’s largest publicly traded gaming company. The approvals both took place in the extraordinary general meetings (EGMs) held by each part of the merger today.

If we read the press release rightly, the co-CEOs of the company, Jim Ryan and Norbert Teufelberger, have merged into one person, as they’re quoted as one, saying, “Today’s shareholder meetings were a key milestone in the overall process, putting the transformational merger of our two companies well on the way to completion. We are delighted that both sets of shareholders have overwhelmingly recognised the strategic, operational and financial benefits of creating the world’s largest listed online gaming company.”

Details of what happens next are sketchy, but the rumours that they’ve ordered in 1000 foam hands with the slogan “#1” on them have yet to be confirmed or denied by the guys over at Pwin. We’ll also find out for you if the co-CEOs are now actually one person or if they just had a horse suit on.

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