FUN Technologies Considers Liberty Media Bid

TORONTO, June 22: FUN Technologies, which specializes in
online gaming and fantasy sports content, is forming an independent committee
to consider a buyout offer from Liberty Media.

Liberty Media currently owns 53 percent of the company and
has offered to buy out all outstanding shares for £1.635 per share. FUN's board
of directors will be establishing a committee of independent directors to
review the proposed offer, to retain an independent valuator and to supervise
the preparation of a formal valuation in respect of the FUN common shares.