International edition
June 19, 2021

The firm settled this month a legal dispute with the US Department of Justice

PartyGaming holding talks with GigaMedia

(UK).- Online gambling group Party Gaming is holding talks on a deal with Nasdaq-listed rival Gigamedia. The firm, which has a market value of us$ 363 million, is thought to have hired Goldman Sachs, the investment bank, to find a buyer for the whole company or simply its Everest poker brand.

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arty 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."

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