GigaMedia - merger or sale discussions reported

Taiwan-based and US-listed GigaMedia Limited, which owns successful online gambling operations like Everest Gaming, is in talks with a number of interested parties in connection with a strategic merger or sale, reports MergerMarket.

Chief Executive Officer Arthur M. Wang told the publication that the company is in discussions with several interested parties, and has retained an unidentified financial adviser.

"If a merger or sale does not proceed, we will seek strategic acquisition targets as well as consider joining poker liquidity with other operators and platforms," Wang further intimated during the company's Quarter 2 2008 earnings call on 31 March.

"As a public listed firm with a strong balance sheet, we believe we have a good opportunity to make accretive acquisitions during the course of this challenging year," Wang remarked.

Live activity feed

Swipe left or right to see more

lcb activities in the last 24 hours

  • 34
    new members
  • 583
    members online
  • 16466
    guests online
  • 93
    new posts
  • 10025
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results