Englewood, Colo. - Media conglomerate Liberty Media announced on Friday that it has made an offer to acquire the 47% of casual fantasy and sports games publisher FUN Technologies it does not already own, for about $3.27 per share.

Toronto, Canada-based FUN Technologies, which has a market capitalization of about $188 million, said that its board will establish a committee of independent directors to review the offer.

Colorado-based Liberty Media also holds stakes in IAC/InterActiveCorp, Expedia, Starz Entertainment, News Corporation and Time Warner.

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