GigaMedia Updates Restructuring of IAHGames
Written by: GigaMedia press release
Publication: Bloomberg
Date published: October 8, 2011 at 8:00 AM (GMT+8)
PR Newswire
TAIPEI, Taiwan, Oct. 7, 2011
TAIPEI, Taiwan, Oct. 7, 2011 /PRNewswire-Asia-FirstCall/ -- GigaMedia Limited
(NASDAQ: GIGM) announced today that as part of the company's strategic
restructuring and new strategic growth plans, its IAH Games operation and
Blizzard Entertainment, Inc. have mutually agreed to terminate their
distribution partnership under which IAH Games distributed certain Blizzard
Entertainment game products in Southeast Asia.
In accordance with the agreement, IAH Games ' commitments under the
distribution partnership will be fully terminated after certain obligations of
IAH Games have been fulfilled.
IAH Games will redeploy its resources to increase focus on its online game
operations in key markets in Southeast Asia.
About GigaMedia
GigaMedia Limited (Singapore registration number: 199905474H) is a major
provider of online entertainment software and services. Through its
subsidiaries, GigaMedia develops and operates a suite of online games in Asia,
covering all regions of Greater China and Southeast Asia. More information on
GigaMedia can be obtained from www.gigamedia.com .
The statements included above and elsewhere in this press release that are not
historical in nature are " forward-looking statements " within the meaning of
the " safe harbor " provisions of the Private Securities Litigation Reform Act
of 1995. GigaMedia cautions readers that forward-looking statements are based
on the company ' s current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those contained in
such forward-looking statements. Information as to certain factors that could
cause actual results to vary can be found in GigaMedia ' s Annual Report on
Form 20-F filed with the United States Securities and Exchange Commission in
June 20 11.
For further information contact:
Brad Miller, Investor Relations DirectorTel: +886-2-2656-8016Email:
[email protected]
SOURCE GigaMedia Limited
Website: http://www.gigamedia.com
TAIPEI, Taiwan, Oct. 7, 2011
TAIPEI, Taiwan, Oct. 7, 2011 /PRNewswire-Asia-FirstCall/ -- GigaMedia Limited
(NASDAQ: GIGM) announced today that as part of the company's strategic
restructuring and new strategic growth plans, its IAH Games operation and
Blizzard Entertainment, Inc. have mutually agreed to terminate their
distribution partnership under which IAH Games distributed certain Blizzard
Entertainment game products in Southeast Asia.
In accordance with the agreement, IAH Games ' commitments under the
distribution partnership will be fully terminated after certain obligations of
IAH Games have been fulfilled.
IAH Games will redeploy its resources to increase focus on its online game
operations in key markets in Southeast Asia.
About GigaMedia
GigaMedia Limited (Singapore registration number: 199905474H) is a major
provider of online entertainment software and services. Through its
subsidiaries, GigaMedia develops and operates a suite of online games in Asia,
covering all regions of Greater China and Southeast Asia. More information on
GigaMedia can be obtained from www.gigamedia.com .
The statements included above and elsewhere in this press release that are not
historical in nature are " forward-looking statements " within the meaning of
the " safe harbor " provisions of the Private Securities Litigation Reform Act
of 1995. GigaMedia cautions readers that forward-looking statements are based
on the company ' s current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those contained in
such forward-looking statements. Information as to certain factors that could
cause actual results to vary can be found in GigaMedia ' s Annual Report on
Form 20-F filed with the United States Securities and Exchange Commission in
June 20 11.
For further information contact:
Brad Miller, Investor Relations DirectorTel: +886-2-2656-8016Email:
[email protected]
SOURCE GigaMedia Limited
Website: http://www.gigamedia.com