Livermore Regulatory News (LIV)

21 Nov 2005 09:18

PartyGaming Plc21 November 2005 21 November 2005 PartyGaming Plc ("PartyGaming") Empire Online Limited ("Empire") PartyGaming confirms that discussions with Empire have been terminated. TheBoard of PartyGaming also confirms that last week, having undertaken anextensive review of the business, it made a further informal and conditionalproposal to the Board of Empire. The proposal was subject to, inter alia, thecompletion of its detailed due diligence and Board approval. The proposal,which reflected PartyGaming's view of Empire's prospects together with potentialsynergy benefits, was to acquire the assets and business of Empire for a valuewhich was equivalent to approximately 60p per Empire share. In its announcement today, Empire has also said that it intends to take legalaction against PartyGaming following the move of PartyPoker.com to a newplatform on 8th October 2005. To the extent that any action is forthcoming,PartyGaming is highly confident of a successful outcome. Contacts: PartyGaming Plc +44 (0)20 7337 0100Peter Reynolds, Director of Investor RelationsJohn Shepherd, Director of Corporate Communications Financial Dynamics +44 (0)20 7831 3113Edward Bridges / Juliet Clarke This information is provided by RNS The company news service from the London Stock Exchange