BUSINESS

bwin and PartyGaming set a date

TAGs: Bwin, PartyGaming

bwin-party-set-dateAfter months of negotiations, bwin and PartyGaming have finally set a date for when they formally exchange vows and become a married couple.

The near unanimous approval at both extraordinary general meetings in January meant that the merger was set in stone and the date when completion is expected is 31 March 2011.

Merger plan requirements have now been met in bwin’s home country, Austria, and the Vienna Commercial Court has entered the new company into the companies’ register.

As stated before, bwin shareholders will receive 12.23 bwin.party depositary interests for each of their bwin shares, which can then be traded on the London Stock Exchange.

When given formal approval by the Supreme Court in Gibraltar the deal will make one of the largest public online gambling companies on the planet and will fuel rumors that they’re looking at a slant at the North American market.

After showing you the exclusive footage of the merger negotiations, and going all Al Gore on the merger documents, the last point to speculate is when are they finally going to choose to ditch the bwin.party moniker in favor of Pwin? You know it makes sense guys!

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