Page 1 of 5 Next »

GigaMedia & Everest Poker

GigaMedia’s not exactly a household name in the United States and Western Europe, but what they lack in name brand recognition, they make up for with success.

The company started out life as a Singapore-based online gaming company but grew up in a big way after launching an initial public offering (IPO) back in 2004. Once the IPO took off, GigaMedia went on a buying spree that would eventually include the acquisition of Everest Poker.

Unfortunately, GigaMedia wasn’t able to capture lightening in a bottle twice and its relationship with Everest quickly turned sour. After years of weighing down company profits with lackluster earnings, Everest was sold off last year in a deal that was worth right around $100 million.

So much for diversity.


Page 1 of 5 Next »

Tags:

Related posts: