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Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 17, 10:54 AM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #4. Multimedia Games PokerTek, Inc.

Acquirer: Multimedia Games (MGAM)
Acquiree: PokerTek, Inc. (PTEK)
Details: PokerTek, Inc. (Nasdaq: PTEK) ("PokerTek") announced today that it has entered into a definitive agreement and plan of merger with Multimedia Games, Inc., a subsidiary of Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) (together, "Multimedia Games"), pursuant to which Multimedia Games has agreed to acquire PokerTek at a price of $1.35 per share in cash.

Multimedia Games Holding Company designs, manufactures and supplies gaming machines and systems to casino operators in North America, domestic lottery operators, and commercial bingo gaming facility operators. Co. provides standalone electronic gaming machines (EGMs) and server-based centrally-linked EGMs that feature mechanical reel or video reel game capability. Co.'s range of products are designed to operate as standalone machines and as networked gaming systems. Co.'s range of games includes: Classic Mechanical Reel Games; Video Reel Games, High Rise Games and Platinum MPX and The Texan HDX.

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Multimedia Games Holding Company designs, manufactures and supplies gaming machines and systems to casino operators in North America, domestic lottery operators, and commercial bingo gaming facility operators. Co. provides standalone electronic gaming machines (EGMs) and server-based centrally-linked EGMs that feature mechanical reel or video reel game capability. Co.'s range of products are designed to operate as standalone machines and as networked gaming systems. Co.'s range of games includes: Classic Mechanical Reel Games; Video Reel Games, High Rise Games and Platinum MPX and The Texan HDX.

Open the PTEK Page at The Online Investor »

Company Name: 
Multimedia Games Holding Company, Inc.
Website: 
www.multimediagames.com
Sector: 
Sporting Goods & Activities
Company Name: 
PokerTek Inc
Website: 
www.pokertek.com
Sector: 
Hotels, Lodging, Restaurants & Travel
 

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