CES Software buys SkillJam
$8 million dollar price tag
July 9, 2004
Press material issued in London by CES Software plc, an online
gambling software firm announces that it has entered into an agreement
to acquire the person-to-person skill gaming business operated by
Game Universe Inc., which trades as SkillJam.
Based in Los Angeles, SkillJam
creates diversified fee-based gaming products, including pay-per-play
and subscription-based games, skill-based on-line games and downloadable
deluxe games that provide multiple revenue models.
The business is being acquired for an upfront cash consideration
of US $ 8-million. In addition there is a reducing net revenue sharing
arrangement on SkillJam's European operations for five years following
the closing of the transaction.
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