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| This is a discussion on Can someone explain this to me? within the online poker forums, in the Poker Rooms section; http://www.bloomberg.com/apps/news?p...j74q4&refer=uk... |
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#1
13th October 2006, 7:37 PM
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| Can someone explain this to me? |
| Play Texas Hold'em Online Poker | Can someone explain this to me? | |
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#2
13th October 2006, 9:36 PM
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| Yes. SportingBet had "liabilities", meaning costs from operations, balances still owed, etc, etc. The other company paid $1 for the assets AND inherited the $13.2m in liabilites. So in essence, they paid $13,200,001 total. |
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#3
14th October 2006, 3:40 AM
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| I found a cool article that explains more about what the assets are and why they sold for $1: http://business.timesonline.co.uk/ar...403234,00.html |
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