Cherry acquires NorgesSpill.com and affiliate company
Cherry has signed an agreement to acquire 100 percent of the shares in the Malta-based company Moorgate Media Ltd. The company owns affiliate license agreements in cooperation with Web Resort. Cherry has also acquired 100 percent of the domain, customer database and gaming site of NorgesSpill.com.Cherry will pay EUR 4.0 million for 100 percent of the shares in Moorgate Media Ltd that operates the affiliate business. It is expected that the acquisition will have a positive effect on Cherry’s revenues with an estimated EUR 0.4 million as well as a positive impact on EBITDA with an estimated