Earlier this morning the iGaming Post announced that Media Corp was interested in acquiring Gaming Media Group, this afternoon the announcement came officially stating that Media Corporation Plc’s (Media Corp) had suspended trading on AIM following its admission of advanced acquisition discussions of online gaming firm Gaming Media Group Limited (GMG).
While a final deal is still a way off due to Media Corp having yet to commence a formal due diligence on GMG, the acquisition would be deemed a reverse takeover under the AIM Rules for Companies & would be subject to shareholder approval.
GMG owns The Poker Channel , a TV channel dedicated to gaming & betting, along with online gaming website PokerHeaven.com . The company recently hooked up with Sports Betting Tech for the launch of Mermaid Bet’s Sportsbook in the newly regulated Danish market.
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