Online betting and gaming group GVC has offered just over £900m to bwin.party, reports ft.com.
The proposal, which is backed by online gaming giant and PokerStars parent company Amaya Gaming, comes as bwin.party weighs up interest from GVC and rival bidder 888.
FT sources said that the GVC offer values shares in bwin.party at around 110p each and comprises a combination of split cash and stock.
GVC refused to comment on the value of its bid, a spokesman saying: “We are still engaged in discussions with bwin and can make no further comment.”
