Mystery Suitor's Pounds 790m Punt On Empire Online

Evening Standard - London › September 02, 2005

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Summary

GAMBLING website operator Empire Online has received a bid approach valuing it at about Pounds 790 million just 10 weeks after making its stock market debut valued at Pounds 512.4 million.

The most likely suitor is PartyGaming, the world's biggest online poker company which floated on London's main stock market for Pounds 5.4 billion two weeks after Empire's June start to trading on the junior AIM market. But Empire, run by Israeli founder Noam Lanir, would only say it had started talks with an unnamed "party interested in merging its business with that of Empire Online" at 270p per share in cash and shares.

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Mystery Suitor's Pounds 790m Punt On Empire Online

The approach values ...

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