Cherry acquires additional shares in the gaming specialist Highlight Games
Summary
Cherry acquired additional shares in Highlight Games and raised its ownership to 60.4 percent. The transaction cost GBP 5.4 million and was financed with cash. Highlight Games focuses on patented virtual sports content built from archived football footage and is expanding deployment into African markets. The company also plans launches in Italy and is targeting additional sports opportunities in emerging markets. This deal brings Highlight Games fully into Cherry’s game development business area and signals continued investment in gaming content.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected