Bwin.party CEO Norbert Teufelberger could make about 24 million euros if the company is sold to either 888 Holdings or GVC Holdings partnered with Amaya Gaming, according to Britain’s Daily Telegraph.
The newspaper did the math and reported that Teufelberger holds about 13 million shares in bwin.party plc stock, with a further 9.2 million in company share options. By the newspaper’s calculations, Teufelberger could earn up to + €20 million should a successful sale proceed.
888 Holdings had put forward a + £1 billion takeover offer for bwin. That offer le to a counteroffer from Amaya Inc and GVC Holdings which would create a special purpose vehicle to acquire bwin.party operations.
