Game Lounge acquires TodaysWeb

(PRESS RELEASE) -- The affiliate company Game Lounge, a subsidiary of Cherry AB (publ), has acquired the majority of the assets of TodaysWeb, an international internet company specialising in search engine optimization (SEO). The purchase consideration amounts to SEK 14 million and is being financed through available cash and bank balances.

The acquisition of assets in TodaysWeb comprises about 1,500 websites, certain tools and services within the field of SEO (search engine optimization) and a team holding unique SEO competence.

Jonas Cederholm, CEO of Game Lounge, said, "The timing of the acquisition is perfect as we are currently in a strong growth phase. We have previously announced our ambition to enter new verticals, and this acquisition will accelerate our plans. I look forward to welcoming 10 new members to the Game Lounge team."