Canada’s TransGaming Acquires Oberon’s TV Interactive Division for $7 Million

TransGaming, a Canada-based distributor of games for set-top boxes and computers, has acquired the interactive TV division of Oberon Media, a New York-based games distributor. TransGaming will pay up to $7 million, including $3 million in cash on closing, $2 million in earn-outs and four million TransGaming shares. Oberon’s network, which in North American includes DISH Network and DirecTV, distributes games to nearly 50 million households.