Cherry completes acquisition of ComeOn
Cherry AB (publ) (“Cherry”) has today completed the acquisition of the remaining 51 percent of the shares in ComeOn Malta Ltd (“ComeOn”), and has accordingly closed the acquisition of 100 percent of the shares. The integration work that has been successfully carried out since July 2016 and with the acquisition, Cherry becomes the third largest online gaming operator in the Nordics.The total purchase price is based on a multiple of ten times ComeOn’s operating profit (EBIT) for the full year 2016. The initial EUR 80,000,000 portion of the purchase price, which was paid in July 2016, has been