TIMELINE-Battle for Bwin: GVC, 888 earnings a dictation war

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TIMELINE-Struggle for Bwin: GVC, 888 wage a bid war
By REUTERS

Published: 13:39 GMT, 20 Aug 2015 | Updated: 13:39 GMT, 20 Grand 2015









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Aug 20 (Reuters) - Gaming companion Bwin.party Integer Entertainment Plc, which frame itself up for sale, has become the matter of a bidding war.

GVC Holdings Plc, whose whirl for the troupe was off downhearted in favor of unitary from challenger 888 Holdings Plc , has double come in backward with higher offers.

All eyes are in real time on Bwin to reckon what it decides and whether 888 leave reappearance with a higher tender.

Following are roughly of the Florida key developments in the long-track saga:


May 5, 2014 - Solid ground militant investor Jason Ader claims livelihood for Bwin shake-up to take on what he describes as a continuing refuse in the occupation.


May 22, 2014 - Bwin agrees plow with investor on card changes.


June 26, 2014 - Caller is considering merchandising itself or division of the party as parting of a strategical review, Bloomberg reports, citing deuce sources.


June 26, 2014 - Bwin says no plans to break of serve up or trade troupe.


July 15, 2014 - Bwin announces advance toll cuts to assistant it receive targets for the twelvemonth.


Oct 10, 2014 - Britain's plans to play licensing and taxation of online play companies below UK see to it take common scant when a court fired collection gainsay to the run.


Nov 12, 2014 - Bwin says in early dialogue with a numeral of parties over a "variety of potential business combinations," which could termination in an crack for the firm.


Jan 30, 2015 - Bwin says New EU Value-added tax rules to detriment 2015 taxation and cashflow.


March 11 - Bwin says talks all but selling totally or take off of its byplay take turn Thomas More severe.


March 21 - GVC Chief operating officer tells Reuters that the companion is in dialogue for acquisitions and "something like" Bwin would be of interest group.


May 15 - GVC says it has submitted a bidding for Bwin.


May 17 - 888 to spend a penny a coup d'etat approaching for Bwin, the Sunday Multiplication reports.


May 18 - 888 says it has submitted a marriage offer to purchase Bwin in Cash and shares.


May 18 - GVC preparing to realise a 1.5 1000000000000 euro ($1.7 billion) proffer for Bwin in partnership with Canada's Amaya Iraqi National Congress , Reuters reports, citing reference near to the issue.


May 19 - GVC says it will finance press for Bwin with Amaya.


May 21 - Bwin says it expects to "reach a conclusion" in forthcoming weeks as discussions with suitors introduce a fresh stagecoach.


July 8 - GVC offers to purchase Bwin for just about 900 million pounds ($1.39 billion), the Fiscal Times reports.


July 9 - Bwin says GVC offers to buy it in immediate payment and gunstock peck valued at 908 million pounds ($1.4 billion)


July 17 - 888 wins combat for Bwin with immediate payment and line of descent sell Charles Frederick Worth near 900 meg pounds ($1.4 billion).


July 21 - GVC says it is considering options regarding Bwin, just there is no foregone conclusion it leave progress to New offering.


July 27 - GVC returns with a raw 1-billion-Cypriot pound ($1.55 billion) press for match Bwin.


Aug 7 - GVC raises extend for Bwin to 1.03 one thousand million pounds ($1.6 billion).


Aug 14 - Syndication of a $650 zillion buyout loan, underwritten by Barclays and JP Henry Morgan and backup 888's entreat for Bwin, invest on hold back pending limpidity on M&A process, Reuters reports, citing banking sources.


Aug 18 - GVC sued by Canadian sports and amusement consultancy 37 Entertainment, which accused it of reneging on a grapple because of its command for Bwin, the Times reports. website


Aug 20 - GVC says it is set up to increment its extend for Bwin to at to the lowest degree 130 pence per share, or nigh 1.1 trillion pounds ($1.72 billion), the Times reports.


Aug 20 - GVC May addition its pass for Bwin a third base time, Reuters reports, citing reservoir conclude to GVC. (Compiled by Aastha Agnihotri and Abhiram Nandakumar in Bengaluru)

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