eUniverse Considering Gaming Assets Sale

eUniverse, the online entertainment/gaming network, which was delisted from Nasdaq recently due to accounting errors and SEC investigations, is considering selling its gaming assets: it has hired “a Seattle-based investment bank with expertise in the gaming space to help evaluate investment and merger & acquisition opportunities,” according to the company statement.

It has consolidated its online skill/gaming sites into a separate subsidiary called GameUniverse. This company will “continue to focus on providing its online gaming solutions to a growing network of affiliate distribution partners which include some of the most trafficked portals and publishers on the internet.”

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