Mandalay Defeted For WPT Acquisition

11/4/09 - Mandalay Media Inc, the Los Angeles media group who's last minute bid to snatch World Poker Tour Enterprises from acquisition by Party Gaming's Peerless Media subsidiary failed this week, appears to have accepted defeat.
 
Shareholders earlier this week voted to accept the Peerless offer despite Mandalay claims that it's bid was superior.
 
"We are very disappointed by this decision" said Ray Schaaf, President of Mandalay Media in a statement. "However, we remain interested in pursuing similar opportunities to expand our business and enhance shareholder value in the future."

Post this page to:

Comments

Name

E-mail (Will not appear online)

Homepage

Comment

To prevent automated Bots form spamming, please enter the text you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly.