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Technology Stocks : NTN Communications, worth 185 million? -- Ignore unavailable to you. Want to Upgrade?


To: June who wrote (2883)8/19/1999 1:45:00 PM
From: June  Read Replies (1) | Respond to of 2985
 
Some help with the cash.

biz.yahoo.com


CARLSBAD, Calif.--(BUSINESS WIRE)--Aug. 19, 1999--NTN Communications Inc. (AMEX:NTN - news) announced today that it has sold the assets of its wholly-owned subsidiary, IWN Inc., to eBet Limited (ASX:EBT) in exchange for approximately $1.3 million in cash and 4,000,000 shares of eBet stock.

The sale of the IWN assets, which included a 25% interest in eBet Online Limited -- formerly IWN Australasia Limited -- and certain Internet gaming technology, generated a one-time pre-tax gain to NTN of approximately $2.3 million.