M&A

Cherry ups stake in Game Lounge

Nordic operator takes stake in affiliate firm up to 95% in total

Cherry has exercised its option to buy further shares in affiliate firm Game Lounge, acquiring an additional 44% of the company. The price, although not disclosed, was based on a multiple of 4.5x the 2017 profit of the firm’s affiliate operation and 6x the 2017 profit of the white label operation. The deal means Cherry…

M&A

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