Is Gigamedia about to be sold?
By Brian Cullingworth, Last updated Mar 8, 2021
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.
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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