Betaville

Puzzling

I can't claim to have been following the Bwin bid battle between 888 and GVC in too much detail since it began in earnest a few months ago.

But today it would appear the Bwin board is sticking by its recommendation of 888's offer despite having received a higher takeover proposal from GVC.

As a result, quite a few investors are scratching their heads, wondering why Bwin's board is sticking by its recommendation. Food for thought.....