According to numerous reports, fresh off its settlement with the U.S. government, PartyGaming could be merging with GigaMedia.

"GigaMedia, which has a market value of $363m (£246m), is thought to have hired Goldman Sachs, the investment bank, to find a buyer for the whole company or simply its Everest poker brand," stated a Sunday report from the UK's Times.

"PartyGaming, which this month settled a legal dispute with the US Department of Justice (DoJ), is among a small number of parties thought to be negotiating with GigaMedia."

The report goes on to say one point of contention is the fact that GigaMedia shareholders are hesitant to hold shares in a company listed in London.

RecentPoker.com reports that while Party will not go into specifics concerning any possible negotiations, a spokesperson did say they could be in the buying mood.

"We have made it very clear we believe the industry will consolidate and we will look at opportunities as and when they arise," the spokesperson said.