Published
FinancialMergers & AcquisitionsIndustry

Cherry increases its share in Highlight Games to 37.5%

It w

CherryAB
as announced today that Cherry has acquired an additional 12.5% of the shares in Highlight Games, bringing its overall stake in the company up to 37.5%.

Earlier this year in May, Cherry spent £2.4m in buying 25% of the gaming technology company, with the added option to later acquire an additional 26% share over the following 18 month period.

The new cash deal has now seen Cherry up its stake in the company to 37.5%, with the possibility of buying out more in the future.

If the company would wish to do so, it also has the option to acquire an additional 13.3% in two further tranches over the next 12 months.

At the time of the original deal in May, Cherry’s Chief Executive, Anders Holmgren commented: “We believe that Highlight Games has significant development and revenue generating potential, which we can help it achieve within our Gaming Technology business area.

“We also believe that their unique product can compete with both virtual sports games and traditional slot games.”
Premium+ Connections
Premium

Lynon

 
Premium

Revsharks

 
Premium

1xBet Partners

 
Premium

GammaStack

 
Premium

Galaxsys

 
 
Premium

PIN-UP Partners

 
Premium

Sport Generate

 
Premium

Digitain

 
Premium

Imagine Live

 
Premium

RISK

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...