|About the transaction:
||Cherry AB, the Nasdaq-listed online gaming operator, acquired 25 per cent of Highlight Games Limited, together with an option to acquire a further 26 percent.
Cherry’s investment is the third round of funding secured from three separate investors by Akur for Highlight Games during 2016 and 2017.
Tim Green, Chief Executive of Highlight Games said:
“We are delighted to welcome Cherry as a significant strategic investor in Highlight Games. I would like to thank Akur for working alongside us in introducing Cherry and structuring this transaction, as well as bringing our earlier investors on board. We have seen real benefits from our long-term partnership with Akur and look forward to growing the business together in the coming years.”