Future Owner of SPS Announced

05/28/2011
By Tommie ClarkGoogle

 

In the French online gaming industry, big news has hit the scene.  The French media group, Television Francaise 1 SA has confirmed and announced that it will be selling is online gaming company, SPS, to Solfive.

Television Francaise announced that due to the reason that SPS has been performing poorly over the years, it should be sold.  The decision to sell the subsidiary was thought of after earnings reports were released in January for 2010. 

Although the company will be sold to Solfive, the Chief Financial Officer of SPS, Olivier Ou Ramdane, will stay on as executive manager.  The current CEO is partnered with Solfive and is confident of future success.

The acquisition will take place within the next five weeks and is subject to French regulatory approval.  Once the acquisition has taken place, Television Francaise will announce the official takeover.

 

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