PartyGaming Likely to Buy Cashcade

[BingoT]

PartyGaming Likely to Buy Cashcade

STOCKS NEWS UK-888 brushes off likely loss of Cashcade deal

888 brushes off likely loss of Cashcade deal

Shares in 888 gain 2.2 percent to 94.5 pence as Evolution Securities reiterates its 'buy' recommendation and 192 pence target price, despite 888 being expected to lose out in a bidding battle with rival PartyGaming for foxybingo.com owner, Cashcade, for whom it provides software.

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[BingoT]

Update
PartyGaming-Cashcade Merger Confirmed
LONDON (Dow Jones)--PartyGaming PLC (PRTY.LN) Thursday acquired Cashcade Ltd. for GBP95.9 million, a move aimed at significantly increasing its share of the $1.5 billion global online bingo market.

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