Industry News
Bridgepoint makes $1 Billion offer to take over Cherry

Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) for Swedish gaming company Cherry AB.
An independent committee set up to examine the bid recommended shareholders accept the offer of 87 crowns per share. Cherry Chairman Morten Klein is part of the bidding consortium, hence the role of the committee.
The company mainly deals with Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino.
“We also believe that many of the opportunities and challenges facing Cherry and its subsidiaries are easier to approach in a private setting and with a more favorable capital structure,” said Bridgepoint partner Mika Herold.
The bid committee also pointed to increased discussion in media about potential consolidation of online gambling companies. Bridgepoint’s offer comes nearly two months after William Hill’s offer for Sweden’s Mr Green & Co.
-
Africa6 days ago
Ghana’s NLA Introduces New Sticker to Clamp Down on Illegal Lotto Operators
-
Asia6 days ago
PAGCOR: Online Gaming fuels nation-building, but illegal sites pose risks
-
Africa6 days ago
Rise & Hustle partners with Altenar to power its new sportsbook offering
-
Central Europe6 days ago
CT Interactive Announces Strategic Partnership with Ecasino
-
Eastern Europe6 days ago
Digitain Strengthens Romanian Market Presence Through KingCasino Partnership
-
Latest News6 days ago
Casino Playa de las Américas Implements JCM’s ICB Technology
-
Compliance Updates6 days ago
Elizabeth Varley, solicitor at licensing law firm Poppleston Allen, shares a handy refresher on the UK’s statutory levy, including the who, how much, why and how to pay
-
Conference6 days ago
BetConstruct to Participate in SBC Summit Lisbon 2025