SkillJam Sold For $8 Million

Intermix Media, formerly know as eUniverse, has announced the sale of SkillJam, its online, pay-to-play gaming division, to CES Software, a UK-based online betting/gaming company, for $8 million and a percentage of net revenue generated by SkillJam’s European operations over the next five years.

SkillJam lost approximately $200,000 on about $4 million in revenues in the fiscal year ended March 31, 2004.

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