Key Developments For GigaMedia Limited
GigaMedia Limited (GIGM.O) (Nasdaq)
GigaMedia Appoints New Chairman
GigaMedia announced that Board member Michael Ding has been appointed Chairman of the Board by the Directors of GigaMedia.
GigaMedia Announces Resignation Of Chairman
GigaMedia announced the resignation of its Chairman and Director Daniel Wu for personal reasons.
GigaMedia And Electronic Arts Inc.'s Mythic Entertainment To Launch Taiwan Closed Beta For Warhammer Online
GigaMedia and Mythic Entertainment, an Electronic Arts Inc. announced that the closed beta for the MMORPG will begin on April 15, 2009. As part of the closed beta launch, closed beta packs will be available at major retailers. The Limited Edition closed beta game packs, available at participating 7-Eleven retailers in Taiwan, have been sold out.
GigaMedia Completes Sale of Legacy ISP Business
GigaMedia announced the successful completion of the sale of its legacy cable and corporate Internet service provider (ISP) business.
GigaMedia Sells Legacy ISP Business To China Network Systems
GigaMedia announced sale of its legacy cable and corporate Internet service provider (ISP) business. China Network Systems and its affiliates purchased the consumer cable modem and corporate ISP business from GigaMedia for total consideration of as much as $25 million, including approximately $20 million in cash upon closing of the transaction, subject to certain price adjustments, and an additional amount of up to $5 million upon achievement of certain performance benchmarks during the two-year period following the transaction closing.
