Home › DMW Daily › November 9, 2007

Liberty Media to Acquire FUN Technologies for $94 Million

Authored by Mark Hefflinger on November 9, 2007 - 7:37am.

Toronto - John Malone's Liberty Media (NASD: LINTA) said on Friday that it will acquire Toronto-based FUN Technologies, a provider of online casual and fantasy sports games and sports information, in a deal valued at about $94 million.

Liberty, which also holds stakes in DirecTV, the Atlanta Braves, QVC and IAC, previously purchased a 53% stake in FUN Technologies in November 2005.

FUN has developed online games distributed by AOL, Disney, MSN, eBay and NASCAR.com.

If approved by FUN shareholders, the company will become a wholly-owned subsidiary of Liberty.

 

Related Links:
http://tinyurl.com/2txywp (PDF of announcement)

http://www.libertymedia.com

http://www.funtechnologies.com

Published in DMW Daily, November 9, 2007
tags: Games | Deals | Sports | Fantasy Sports | Acquisitions | FUN Technologies | Liberty Media |

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