The new group will be jointly run by current chief executives of the two companies
Bwin shareholders approve PartyGaming tie-up
2011-01-31
Reading time 14 seg
The two companies have styled the all-share deal a merger of equals although bwin shareholders will end up owning 51.6 % of the company while investors in PartyGaming will hold the remaining 48.4 %. The new group will be listed on the London Stock Exchange and jointly run by current chief executives of the two companies, Jim Ryan and Norbert Teufelberger.
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