Cherry acquires Moorgate Media Ltd and NorgesSpill.com

Swedish gaming company Cherry has completed a double swoop and acquired 100% of the shares in Moorgate Media Ltd and gaming site NorgesSpill.com.

Under the terms of the arrangement Cherry have gained the entirety of shares in NorgesSpill, including its domain and customer database. In regard to the Moorgate Media deal, the company owns affiliate license agreements in cooperation with Web Resort.  nordicSpill

It is understood that the acquisition of Malta-based firm Moorgate cost Cherry in the region of £2.9m, whilst NorgesSpill.com cost around £540,000.

Fredrik Burvall, CEO of Cherry, stated: “We are very pleased to add another acquisition that will further improve Cherry’s results and cash flow.”

“NorgesSpill.com will migrate to the Cherry platform during 2016, and we are confident that we can develop the business further,” he added. 

 

Check Also

Marathonbet scores principal partner deal with Sevilla FC

Online bookmaker Marathonbet has been confirmed as the principal partner and front-of-shirt sponsor for Sevilla FC, …

BetConstruct

BetConstruct joins Fantasy Sports and Gaming Association

Online gaming and sports betting software provider BetConstruct has secured membership to the Fantasy Sports …

Better Collective expands M&A credit capacity

Stockholm-listed industry affiliate Better Collective AB has moved to expand its corporate financing capacity, after securing …