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Riddler, one of the more popular gaming sites on the Web, will remain part of parent company Interactive Imaginations, according to chairman/chief executive officer Michael Paolucci. But the resolution of the site’s status comes after Riddler was almost sold due to financial difficulties within Interactive Imaginations.
The situation came to a head two weeks ago, following acquisition interest in Riddler by Berkeley Systems (via parent CUC International). CUC at one time offered nearly $10 million for the gaming site, said sources, who added that that amount was scaled back to less than $1 million once CUC investigated Interactive Imaginations’ finances.
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