PartyGaming founder cuts holding with £190m sale
21 Oct 2009
LONDON, England -- One of the three founders of PartyGaming may sell his remaining stake in the company, The Times of London reported Wednesday.
Anurag Dikshit, awaiting sentencing next December, has paid $300 million under an agreed plea bargain with the US Department of Justice and as a result may not face jail time, according to the observers quoted in the paper.
Dikshit's remaining stake in the company could raise up to £100 million, on top of the nearly £500 million he has made in the past four years since the company went public.