StockMarketWire.com - Contagious Gaming is in talks with football pools operator and technology supplier Sportech. Contagious Gaming's statement followed a press release by Sportech noting recent speculation surrounding a possible deal between the pair.

Sportech announced that it has received a proposal from Contagious Gaming regarding a possible recommended offer for the whole of the issued and to be issued ordinary share capital of Sportech.

The news release further stated any recommended offer from Contagious Gaming may comprise of cash and Contagious Gaming shares.

Contagious Gaming confirmed that it is in discussions on a possible business combination which the company expects to create significant shareholder value for existing and potential new shareholders of Sportech and Contagious Gaming.

Contagious Gaming says the proposed business combination is subject to a number of conditions, including securing appropriate debt and equity financing. There can be no certainty that the submission of the proposal will lead to Contagious Gaming making a formal offer or, in turn, the completion of the business combination.

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