Earlier today shareholders in bwin.party Digital Entertainment Plc (LON:BPTY), owner of CFD and spread betting services provider InterTrader, had their say on the $1.7 billion acquisition bid from GVC Holdings PLC (LON:GVC).
At a Court meeting and a General meeting, bwin.party’s shareholders voted in favor of GVC’s bid and also supported the scheme of arrangement of the deal.
Following this decision, the deal has yet to be sanctioned by the Court, with its decision expected on January 29, 2016.
The acquisition has already secured a number of regulatory nods of approval, including:
- approval in principle from the Gibraltar Gaming Commissioner and the Malta Gaming Authority;
- approvals from the UK Financial Conduct Authority (FCA) in connection with the change of control of bwin.party’s Kalixa payments business;
- approval from the Gibraltar Financial Services Commission in respect of the bwin.party’s InterTrader’s CFD and spread betting business;
- merger clearance from the German Federal Cartel Office.
To view the regulatory filing from bwin.party on today’s vote, click here.