WPTE approves PartyGaming deal, dismisses higher offer from Mandalay Media
by Kevin Mathers,
Nov 2, 2009 | 7:00 am
Comments (2)
Posts Tagged ‘Peerless Media’
WPT Enterprises Recieves a Last Minute Offer $36.5m proposal from Entertainment Company
by Kevin Mathers,
Oct 29, 2009 | 5:39 pm
With a scheduled vote for tomorrow from Peerless Media from their offer for the World Poker tour, comes word of a proposal from Mandalay Media on Tuesday, offering $35 million or $1.69 per share for the company. Mandalay Media is requesting a postponement of the shareholder vote to meet with the board of WPTE to further discuss the offer. More details from this article over at Reuters.
(Hat tip goes to Wicked Chops Poker for the story)
UPDATE: Mandalay’s offer increased to $36.5m Friday morning.
PartyGaming Outbids Gamynia for WPT Assets
by California Jen,
Aug 24, 2009 | 1:56 pm
At least we’ve heard of this company, right? It just came over the wire (errr, internet) that the Gamynia deal has been terminated in favor of an agreement to allow a PartyGaming subsidiary, Peerless Media Ltd., to purchase the WPT assets for a cool $12.3 million. Check ‘er out:
PartyGaming Moves For World Poker Tour Assets with Superior Offer
LOS ANGELES, Aug 24, 2009 (BUSINESS WIRE) — WPT Enterprises, Inc. (Nasdaq: WPTE) (“WPTE” or the “Company”) today announced that a subsidiary of PartyGaming Plc, Peerless Media Ltd. (“Peerless Media”), has agreed to purchase substantially all of WPTE’s operating assets other than cash, investments and certain excluded assets. WPTE’s Board of Directors received the offer after privately held investment group, Gamynia Limited, and WPTE announced an asset acquisition agreement, which was terminated after further consideration of the Peerless Media’s financial proposal.
