The chairman of GVC Holdings said yesterday that the online gambling company would consider going hostile in the £1 billion battle for Bwin.party if its board recommended a lower offer from the rival 888 Holdings.
Lee Feldman said that although he remained “confident our offer will be recommended”, the GVC board was “not prepared to walk away” from Bwin and would do everything in its power to win the day.
Asked whether that could include going hostile, he said: “We have certainly thought about it. We don’t see it as necessary right now as we’re offering a higher price and have a better operating track record. That said, we believe GVC should own this asset and we wouldn’t exclude any strategy.”
Mr Feldman was speaking