Aug 7 (Reuters) - Online gambling company GVC Holdings Plc raised its offer for rival Bwin.party DigitalEntertainment Plc to 1.03 billion pounds ($1.6billion), hoping to pry the company away from 888 Holdings Plc.
GVC's offer, its third, of 125.5 pence per shares - 25 pencein cash and 0.231 of a new GVC share - is higher its earlierproposal of 122.5 pence.
Both of GVC's offers are higher than 888's offer of 104.09pence, worth 900 million pounds. But, Bwin had accepted thatproposal, deeming GVC's offer too complex and with lessattractive growth prospects.
Bwin, which put itself up for sale last year, said it wouldevaluate GVC's latest proposal. ($1 = 0.6444 pounds) (Reporting by Esha Vaish in Bengaluru; Editing by SavioD'Souza)