Online gambling company GVC Holdings has raised its offer for rival Bwin.party Digital Entertainment to £1.03 billion, hoping to pry the company away from 888 Holdings.
GVC's offer, its third, of 125.5 pence per shares - 25 pence in cash and 0.231 of a new GVC share - is higher than its earlier proposal of 122.5 pence.
Both of GVC's offers are higher than 888's offer of 104.09 pence, worth £900 million. But, Bwin had accepted that proposal, deeming GVC's offer too complex and with less attractive growth prospects.
Bwin, which put itself up for sale last year, said it would evaluate GVC's latest proposal.
