Another Harvard Blog

The offer made by Mandalay Media was almost 3 times more than the offer of Peerless Media and that is the reason why PartyGaming change its mind. The meeting of the shareholders was also not postponed because of the same reason. The former also stated that in the final count of the votes by the independent inspectors almost 85% of the voters agreed. There was no doubt that the offer was received from Mandalay media as the 8-k clearly commented on this matter. ” The offer was received from the Mandalay Media to merge it with WPTE for the payment of cash and stock. Many decisions were made by the WPTE members and finally their conclusion was that the offer made by Manadaly Media is not at all a very superior offer and can be considered just like normal proposals. After hearing the decision of WPTE, another modified proposal was sent to WPTE with some major changes but the results were same and WPTE simply refused to accept it. Although the offer made by the Mandalay Media is a big offer and WPTE never received such a big proposal but from past few years WPTE is really getting strong in reputation worldwide so obviously their requirements are also increasing. I think Mandalay media should revise its proposal again and make a very handsome offer again to WPTE. Being a shareholder of WPTE is not at all an easy task. Only major and strong people can become shareholders and obviously they are never going to accept an ordinary proposal. The full proposal is available on different websites over the internet. You can read it thoroughly and think yourself that what could be the better decision that what WPTE made. It is expected that in few days things might change and WPTE and Mandalay media might merge in the business for long-term. However, saying anything at this time will be too early and we must wait for the official news. Hopefully the final proposal news will also be covered by almost every media channel so you will also be able to see it on TV.