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Ingenious Corporate Finance has advised Two Way Media Holdings Limited (Two Way Media) on the sale of the business assets of Two Way Gaming Limited (Two Way Gaming) to Netplay plc (Netplay) for a consideration in Netplay shares.
Two Way Media is a UK-based interactive television production company which effectively owns 50% of Two Way Gaming.
Two Way Gaming is the current provider of the Challenge Jackpot live interactive roulette service on Virgin Media Television and online. The assets sold will enable Netplay to take over operation of the Challenge Jackpot brand, including its website and television channel on behalf of Virgin Media Television.