Cherry acquires remaining 5% in Game Lounge

Swedish operator to own 100% of the affiliate following continued growth

Cherry AB agreed to acquire the remaining 5% shares in affiliate company Game Lounge Sweden, bringing its stake to 100%. The purchase consideration consists of three parts and can amount to a maximum SEK 260 million, based on Game Lounge’s EBITDA over the next three years. Cherry originally acquired 51% of the business for £3.4m back…

Cherry | Cherry Group