International edition
September 24, 2020

Twistbox parent company is interested in the poker brand

Mandalay Media submits bid for World Poker Tour

(US).- Twistbox's parent company Mandalay Media wants to buy the World Poker Tour. It submitted a proposal to WPT's board to acquire the company for us$ 35 million in cash and stock, and then upped the offer to us$ 36.5 million, including us$ 28.5 million in cash.

T

he company is trying to hijack WPT's planned sale to Peerless Media, a subsidiary of online gambling firm PartyGaming, and is citing its mobile clout as one reason for WPT to abandon that deal.

"Mandalay Media can leverage its mobile platform and operator relationships throughout the world to provide a full mobile social media and sports / poker playing experience," says its letter to the WPT board.

It also suggests that Twistbox's Play for Prizes platform would be a good fit for the World Poker Tour brand. The news comes two days after Mandalay appointed former Glu Mobile executive Ray Schaaf as its new president.

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