Morning Brief: Buyout Breakdown?

Neteller, the London-listed payments processing group, has agreed to supply its suite of payment products to CardSave, a United Kingdom company offering financial services to independent retailers.

Incidentally, Daniel Stewart & Co. of London has a preview note out on Neteller's interims, which are due to be released tomorrow: "We are forecasting H1 revenue of $35.7m (Q2 $18.7m), EBITDA of $4.4m (Q2 $2.5m), clean PBT of $2.9m (Q2 $1.6m) and EPS of 1.66c (Q2 0.94c)."

Gaming VC Holdings, an online gambling operator in Luxembourg, announced this morning that buyout negotiations between it and an unnamed third party have been discontinued. Shares in the company, which trade on London's Alternative Investment Market, fell more than 14 percent, or 27 pence, to 160 pence.

IGN's Take: While we're not sure what entity was behind the April 2008 bid -- or what motivated the approach -- the company's public relations firm could not provide that information this morning. We expect to learn more tomorrow. Such a swing in share value comes as relatively little surprise given shares rose 26 percent on April's news.