Online gaming group in €115m deal

ONLINE gaming group PartyGaming is close to announcing a £100 million (€115m) deal to buy Cashcade, owner of the foxybingo.com web site, a source said yesterday.

Mon, 20 Jul, 2009 - 01:00
Business Reporter

The source, confirming a story in the Sunday Times, said PartyGaming was likely to pay an initial sum of around £75m followed by a further £25m depending on the performance of Cashcade in 2009 and 2010.

PartyGaming declined to comment.

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