Boss Media Deal

Online bingo operator Boss Media’s board of directors is recommending the latest deal being offered by GEMed. The offer has recently been revised by GEMed and has a higher valuation for the company. According to Bingostreet, the new offer values the company at 149 million Euros which is 32 percent higher than the previous offer.

The Boss Media people are much happier with this offer than they were with an earlier offer. They felt that the old offer, from the beginning of the month, undervalued the company and they were looking for other offers from other suitors. The new higher price will result in Boss Media shareholders receiving SEK25 per share.

GEMed’s parent company is GTECH. Both companies are looking forward to working together with this new deal. GEMed has issued a statement that they are glad that the board of directors of Boss Media is supporting the new offer and that they look forward to working with the company in achieving its new international growth targets. Boss Media is planning on expanding its online bingo network to include other locations. These markets particularly target females and right now the Scandinavian market is a big area of growth in online bingo.

Boss Media Deal

Related Posts

Comments

Find It

Recently Written

Monthly Archives

Admin