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LIBERTY MEDIA INCREASES STAKE IN SKILL GAMING GROUP
GBP 47 million deal to secure remaining shares in FunTech
US-based Liberty Media has snapped up the remaining outstanding shares of skill gaming group FunTech in a deal valued at GBP 47 million, of GBP 1.75 a share.
In November 2005, in a $195 million agreement, John Malone's Liberty Media group bought a controlling 53 percent share of FunTech laying the foundations for this weeks total acquisition of the company.
It is not clear whether FunTech's successful co-founder and chief executive Lorne Abony will be remaining in the hotseat.
Fun Technologies' games are played online on sites like AOL, Disney, Virgin Games, MSN, eBay, and NASCAR.com.
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