Acquisition Considered by Cryptologic Shareholder

Offer for part of the business is possible, says the shareholder

It has been reported this week that Thousand Hills Limited, a 19.9 percent shareholder in major online gambling software developer CryptoLogic Ltd, is considering acquisition path in relation to its options within the company.

The shareholder specified that an acquisition offer for part of the business and its assets may be made, adding that CryptoLogic's current business strategy has not resulted in the creation of value for shareholders.

As of recent, CryptoLogic management has appointed Deloitte Corporate Finance as a financial advisor, within its continuing strategic review of the company.

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
Search Results
39012170