This story was published more than 1 year ago.
Online gaming firm Cherry AB is going private, de-listing from the Swedish NASDAQ this week as European Entertainment Intressenter Bidco AB revealed that they own 90% of the group.
The announcement comes with the caveat that Cherry doesn't have a final day of trading, as they've yet to hear confirmation of the move from NASDAQ Stockholm. EE Intressenter bought the majority stake in Cherry in December, and they've been working to acquire the outstanding shares for complete control.
Cherry has boasted revenue increases of 49% last year, and the outlook for the company remains strong as the online market continues to grow, especially in markets like Sweden, which liberalized the activity in January.
We're following the story and will update readers as we learn more.
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