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Gambling.com sells for $2.5 million

28th April 2011 9:49 am GMT

The UK’s Media Corp plc. has completed the sale of its Gambling.com domain name for US$2.5m in cash, well below its stated balance sheet value of $4.25m.

The company did not reveal the identity of the acquirer, but stated that the transaction includes only the Gambling.com domain name and website.

Media Corp said it will retain ownership of a number of significant assets relating to the business, including intellectual property, customer databases and infrastructure, which it [...]

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