Liberty Media Offers To Buy Remaining Shares in Online Gaming Firm Fun Technologies
Liberty Media (NSDQ: LINTA), the media holding company, will buy the remaining shares in online and casual publisher Fun Technologies, parent group of the Skilljam and Worldwinner sites, at a price per share of GBP 1.75. Liberty presently indirectly owns nearly 53 percent of the outstanding Fun common shares. More details in the release. Gamesutra: Fun’s Q2 results in July showed sales up 68 percent to $16.9 million, but quarterly losses of $7.6 million, down from $8.8 million the year prior. Sales for its games division accounted for $10.4 million of the $16.9 total.
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