{"id":37053,"date":"2018-12-18T09:14:33","date_gmt":"2018-12-18T09:14:33","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=37053"},"modified":"2018-12-18T09:14:33","modified_gmt":"2018-12-18T09:14:33","slug":"cherry-approached-for-acquisition-at-1-billion","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/cherry-approached-for-acquisition-at-1-billion\/","title":{"rendered":"Cherry Approached for acquisition at $1 billion"},"content":{"rendered":"<p><span style=\"color: #000000; font-family: Calibri;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-26210\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/12\/cherry-logo.png\" alt=\"\" width=\"233\" height=\"72\" \/>Cherry AB the Swedish based gaming company has been approached by a British private equity company to acquire the company for some $1 billion. Bridgpoint has made the offer for the gaming firm that has multiple brands within the online gaming industry, both as an operator and supplier of games.<\/span><\/p>\n<p><span style=\"color: #000000; font-family: Calibri;\">The offer has already been accepted by an independent committee which was setup to evaluate the offer, the news of the buyout saw Cherry shares which trade on the Nasdaq Stockholm jump 18.3%.<\/span><\/p>\n<p><span style=\"color: #000000; font-family: Calibri;\">Mike Harold a partner at Bridgepoint said on the offer, \u201cWe 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 favourable capital structure.\u201d<\/span><\/p>\n<p><span style=\"color: #000000; font-family: Calibri;\">Bridgepoint is a combined consortium of companies and people which include well known industry names such as Pontus Lindwall and even Chairman of Cherry Morten Klein.<\/span><\/p>\n<p><span style=\"color: #000000; font-family: Calibri;\">Given that Klein is Chairman of Cherry that is why an independent committee was setup to review the offer.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cherry AB the Swedish based gaming company has been approached by a British private equity company to acquire the company for some $1 billion. Bridgpoint has made the offer for the gaming firm that has multiple brands within the online gaming industry, both as an operator and supplier of games. The offer has already been [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,11,3,8],"tags":[],"class_list":["post-37053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","category-headlines","category-igaming","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cherry Approached for acquisition at $1 billion - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/cherry-approached-for-acquisition-at-1-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cherry Approached for acquisition at $1 billion - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Cherry AB the Swedish based gaming company has been approached by a British private equity company to acquire the company for some $1 billion. Bridgpoint has made the offer for the gaming firm that has multiple brands within the online gaming industry, both as an operator and supplier of games. The offer has already been [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/cherry-approached-for-acquisition-at-1-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-18T09:14:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2018\/12\/acquisition.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Debbie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Debbie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/cherry-approached-for-acquisition-at-1-billion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/cherry-approached-for-acquisition-at-1-billion\\\/\"},\"author\":{\"name\":\"Debbie\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/ec908169f7d4e72f9d6188460253f623\"},\"headline\":\"Cherry Approached for acquisition at $1 billion\",\"datePublished\":\"2018-12-18T09:14:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/cherry-approached-for-acquisition-at-1-billion\\\/\"},\"wordCount\":171,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/cherry-approached-for-acquisition-at-1-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/acquisition.jpg\",\"articleSection\":[\"Europe\",\"Headlines\",\"iGaming\",\"Latest\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/cherry-approached-for-acquisition-at-1-billion\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/cherry-approached-for-acquisition-at-1-billion\\\/\",\"name\":\"Cherry Approached for acquisition at $1 billion - 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