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18 Months after Noam Lanir took his company to a US$ 900 Million IPO on the LSX, he is selling his remaining shares to rival gaming company for US $40 million.
Lanir’s company, Empire Online, was valued at over US $928 million when it first traded on London Stock Exchange. However its shares fell significantly in months after the U.S. Government passed a law in September making it illegal for US banks and credit card and companies to take online gambling transactions.
Today, Empire Online’s worth is estimated at more
really? wow!
While i’m sure he wont be losing any sleep with $40 million in the bank, he must be kicking himself for not selling out when he had the chance..
B.T.W. How does egamingpulse survive without any ads?
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