Unlikely deal to buy bwin.party
Rumours circulated this week that Google could make a bid for online gambling company bwin.party following recent poor results from the online gambling giant.
The Daily Mail broke the news that several traders are speculating that Google are looking to enter the online gambling business with a 200p offer per share for the public listed company.
However neither Google or bwin.party executives have confirmed the rumours or denied them, but industry observers say that the deal would be an unlikely one as bwin.party are soon to go live in the US again and the hope of turning around the fortunes could be close.
Also in the newspaper article was the option for Google should they fail with the bwin.party acquisition to try for William Hill, given William Hills success over recent times many feel that deal is wide of the mark. Ralph Topping CEO of William Hill went of Twitter to dismiss the rumours saying, “Google to bid for BwinParty? Who makes this up? Alice in Wonderland or someone out on licence from an institute for the bewildered?”
