Motley Fool: 888 Dials 999
October 30th, 2006 | POSTED BY ROB
Online gaming firm 888 Holdings (LSE: 888) today confirmed recent press speculation that it is in merger discussions. But the internet poker company, as you would expect, was playing its cards very close to its chest. It said it has had various preliminary discussions with third parties following suspension of its US activities.
Although the embattled gaming outfit did not reveal the identities of its discussion partners, PartyGaming (LSE: PRTY) has been touted as a likely merger candidate. PartyGaming, which is three times larger than 888, has been similarly wounded by America’s move to outlaw gambling over the Internet. Consequently, it also needs to look to consolidation to defend its weakened position….
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