The acquisition of 60% of GigaMedia’s online gambling software will make Mangas Gaming one of the biggest providers in Europe. The purchase price amounts to $100 million.
For the year of 2009 the stock of GigaMedia was down 33%, and the money Mangas agreed to pay is believed to help stock jump.
Mangas’ portfolio already includes Expekt, Bet-at-Home and BetClic. Everest Poker is the group’s latest addition.
The rumors say that there is a possible merger between PartyGAming and Bwin.