US/UK/Canada

Share

About Us

Cherry is an innovative and fast-growing company within gaming, entertainment and media. Established in 1963, today Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. Bridgepoint Europe VI Fund is the principle owner of Cherry AB. More information is available at www.cherry.se

Links

Quotes

ComeOn continues to deliver strong results while investing in innovation and technology.
Lahcene Merzoug, CEO of ComeOn
Pick a time period -
Tags ( Active)

Game Lounge enters strategic partnership with Schibsted and Aftonbladet

Leading affiliate company Game Lounge, a subsidiary of Cherry AB (publ) – STO: CHER-B.ST – has today signed an agreement with Sweden’s largest media site, Aftonbladet. The deal provides Game Lounge with an additional marketing channel to market, operate and manage customer contacts to the casino sites holding Swedish licences, opening for gaming as of 1 January 2019.The agreement includes Game Lounge delivering a comparison site for casino and betting with related content and technology solutions and it represents an important factor in achieving the profit level indicated in connection

Cherry acquires remaining shares in Game Lounge

Cherry AB (publ) (“Cherry”) – STO: CHER-B.ST – has today signed an agreement to acquire the remaining shares in leading affiliate company Game Lounge Sweden AB (“Game Lounge”), thus gaining 100-percent ownership.Cherry currently owns 95 percent of Game Lounge, which in turn owns 100 percent of Game Lounge Ltd. Cherry has today signed an agreement to acquire the remaining 5 percent of Game Lounge. The purchase consideration consists of three parts and can amount to a maximum SEK 260 million. The first part of the purchase consideration is fixed and amounts to SEK 100 million to be paid in

Game Lounge to establish operations in North America following acquisition of premium domain names

The affiliate company Game Lounge, a subsidiary of Cherry AB (publ) (Cherry) – STO: CHER-B.ST – will establish operations in New Jersey, US, following the acquisition of the premium domain name BetNJ.com, targeting sports betting and casino in the state. In addition, Game Lounge has acquired the Mexican domain OnlineCasino.mx.Game Lounge continues its strategy to complement the organic expansion of the business with targeted acquisitions. With the acquisition of BetNJ.com, the company will establish operations within the regulated market in New Jersey, US. The website OnlineCasino.mx will

Increased number of class B shares as result of an off-set rights issue for shares in Game Lounge Ltd

Cherry AB (publ) (Cherry) – STO: CHER-B.ST – has completed the acquisition of 44 percent of the shares in Game Lounge Ltd, in accordance with a resolution by the 2018 Annual General Meeting. As part of the transaction, a directed new share issue of 1,554,017 class B shares in Cherry is carried out.Cherry announced on 22 December 2017 that the Company resolved to acquire additional 44 percent of the shares in the leading affiliate company Game Lounge Ltd. The purchase consideration consists of a combination of cash and newly issued shares in Cherry. The cash portion amounted to EUR 9,825,631

Game Lounge acquires TodaysWeb, an international SEO specialist

The affiliate company Game Lounge, a subsidiary of Cherry AB (publ) – STO: CHER-B.ST – has acquired the majority of the assets of TodaysWeb, an international internet company specialising in search enginge optimization (SEO). The purchase consideration amounts to SEK 14 million and is being financed through available cash and bank balances.The acquisition of assets in TodaysWeb comprises about 1,500 websites, certain tools and services within the field of SEO (Search Engine Optimization) and a team holding unique SEO competence. Jonas Cederholm, CEO of Game Lounge, says: “The timing of

Cherry updates financial information on acquisition of Game Lounge

Cherry AB (publ) – STO: CHER-B.ST – announced 22 December 2017 that the company is acquiring the majority of shares outstanding in the leading affiliate company Game Lounge Ltd. The acquisition is intended to be paid through a combination of equal portions cash and newly issued shares in Cherry AB (publ). Cherry can now announce that the purchase consideration has been determined to approximately SEK 189.2 million, of which the cash portion is expected to amount to approximately SEK 94.6 million.The purchase consideration for an additional 44 percent of the shares in Game Lounge Ltd that is

Game Lounge acquires Slottracker.com – a site that gives more control to the player

The Affiliate Company Game Lounge, a subsidiary of Cherry AB (publ) – STO: CHER-B.ST – has acquired the site Slottracker.com and its unique solution in order to give all casino players a better overview and control of their gaming. The seller is US company, Innovative Game Solutions Partnership, and the two founders Thomas Starkie and Brett Lawson. The purchase consideration amounts to EUR 1 million, of which EUR 200,000 is to be paid 12 months after the acquisition. An additional purchase consideration of EUR 300,000 will be paid if the seller achieves certain objectives over a two-year

Cherry acquires majority of the outstanding shares of Game Lounge

Cherry AB (publ) – STO: CHER-B.ST – announces its decision to exercise its option to acquire up to 100 percent of the shares in the leading affiliate company Game Lounge Ltd. The purchase price for an additional 44 percent of the shares is based on a multiple of 4.5 times the 2017 profit of the affiliate operation and 6 times the 2017 profit of the white label operation. The acquisition is expected to be financed through a combination of cash and a new issue of shares in Cherry AB.In January 2015, Cherry AB’s wholly-owned subsidiary, Cherry Malta Ltd, acquired 51 percent of the shares in

Game Lounge acquires loan site and expands with new business segment

Cherry AB (publ) – STO: CHER-B.ST – announces that the company’s subsidiary Game Lounge has acquired the loan comparison website Lainat.fi. The site will be an important part of Game Lounge’s new business segment "Loans" that will commence operation in November.One of the leading European affiliate companies, Game Lounge, is entering the loans sector. The company is in the final phase of recruiting people with solid experience from the loans sector and building up its new business segment “Loans”. Acquisition costs related to Lainat.fi amount to approximately EUR 175,000. “We have had

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Media