PartyGaming holding talks with GigaMedia

20 Apr 2009

LONDON, England -- As reported by The Sunday Times: "Online gambling group Party Gaming is holding talks on a deal with Nasdaq-listed rival Gigamedia.

"Gigamedia, which has a market value of $363m (£246m), is thought to have hired Goldman Sachs, the investment bank, to find a buyer for the whole company or simply its Everest poker brand.

"Party Gaming, which this month settled a legal dispute with the US Department of Justice (DoJ), is among a small number of parties thought to be negotiating with Gigamedia.

"One potential barrier to a full merger, however, could be the unwillingness of Gigamedia shareholders to hold stock in a London-listed company.

"Party Gaming, which is said to be eyeing a number of possible deals, declined to comment on the Gigamedia talks but a spokesman said: 'We have made it very clear we believe the industry will consolidate and we will look at opportunities as and when they arise...'"

PartyGaming holding talks with GigaMedia is republished from CasinoVendors.com.

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	PartyGaming holding talks with GigaMedia 20 Apr 2009 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LONDON, England -- As reported by The Sunday Times: "Online gambling group Party Gaming is holding talks on a deal with Nasdaq-listed rival Gigamedia. "Gigamedia, which has a market value of $363m (£246m), is thought to have hired Goldman Sachs, the investment bank, to find a buyer for the whole company or simply its Everest poker brand. "Party Gaming, which this month settled a legal dispute with the US Department of Justice (DoJ), is among a small number of parties thought to be negotiating with Gigamedia. "One potential barrier to a full merger, however, could be the unwillingness of Gigamedia shareholders to hold stock in a London-listed company. "Party Gaming, which is said to be eyeing a number of possible deals, declined to comment on the Gigamedia talks but a spokesman said: 'We have made it very clear we believe the industry will consolidate and we will look at opportunities as and when they arise...'" PartyGaming holding talks with GigaMedia is republished from CasinoVendors.com.

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PartyGaming holding talks with GigaMedia