LONDON, England — As announced: “Online gambling group Party Gaming is containing discussions on a agreement with Nasdaq-listed competitive Gigamedia”.
“Gigamedia, which holds a market worth of $363m (£246m), have hired Goldman Sachs, the investment bank, to look for a buyer for the entire company or simply its Everest poker label.
“Party Gaming, have solved this month a legal argument with the US Department of Justice , is
among a few parties thought to be dealing with Gigamedia.
“One possible obstacle to a full consolidation, could be the reluctance of Gigamedia shareholders to keep stock in a London-listed company.
“Party Gaming, which is looking at a number of potential deals, refused to comment on the
Gigamedia discussions but a spokesperson said: ‘We said it very clear we assume the industry will
Consolidate and we will look at possibilities as and when they appear…”.
