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Cherry raises stake in gaming affiliate Game Lounge to 95%

22nd December 2017 8:16 am GMT

Stockholm-listed gaming operator Cherry has agreed to acquire an additional 44 per cent shareholding in affiliate business Game Lounge.

The agreement will see Cherry raise its stake in the business to 95 per cent, following its acquisition of an initial 51 per cent stake in January 2015. The remaining 5 per cent will be held by the founders of Game Lounge, who will also stay on as the company’s head of sales and chief executive officer.

The [...]

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