Swedish gaming developer Boss Media is the subject of a takeover bid by GTECH Corporation and Medstroms AB, who are offering SKR 19 (approximately €2 per share) in cash for Boss Media AB.
“On a cash and debt free basis, the offer will have an enterprise value of SKR 937 million,” (approximately €99 million) the company said.
Medstrom is already Boss Media’s largest shareholder with a 12.5 percent stake, and the companies plan to set up a jointly owned vehicle for the transaction if it is approved by Boiss Media shareholders.
Boss Media’s share price was up over 31 percent at the time of writing at lunchtime on Friday, Feb. 1.
Boss Media owns the IPN poker network, home to Poker Heaven, Mermain Poker, and a host of other familiar European names, including Win2Day, the new state-owned Austrian poker network.
