LONDON (TheDeal) -- European markets were mixed Monday, torn between hopes that the U.S. Federal Reserve will delay raising interest rates after a weaker-than-expected first quarter, and continuing pessimism over a solution to the Greek question.
In London, the FTSE 100 was up 0.34% at 6,984, though down from the morning's peak of just over 7,000. And it was the same in Paris, where the CAC 40 was down 0.19% at 4,984 after edging over 5,000 in earlier trading. In Madrid, the IBEX 35 moved up and down to trade on both sides of the psychologically important 11,300 mark. In Frankfurt, the DAX was up 0.83%, moving over the 11,500 threshold to 11,538.70, while in Athens the General Index was down 1.65% to 798.55.
Auction poker continues to stir excitement in the online betting world. Gibraltar-based gambling business Bwin.party Digital Entertainment (PYGMF) attracted a cash-and-shares bid from rival 888 Holdings (EIHDF) Monday, following its announcement of a reverse takeover approach from the much smaller GVC Holdings on Friday.
Then, citing a person with knowledge of the situation, The Financial Times reported that GVC was teaming up with Canada's Amaya Gaming for a joint cash-and-shares bid valuing the company at €1.5 billion ($1.7 billion). Amaya would ultimately buy Bwin.party's poker business, while GVC would take the rest.
Bwin.party has a market capitalization of around £870 million, while 888 has a market cap of £604 million. Bwin.party is up 11.11% at 110.5 pence, while 888 Holdings is down 3.09% at 164.5.