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Revaluing Boss Media

A previous offer for the acquisition of Boss Media by GEMed was rejected just weeks ago on grounds that the previous offer undervalued the online casino software and turnkey provider. Boss Media is an extremely popular turnkey provider for the internet gambling industry and has a sound reputation for quality products and services. GEMed previously offered SEK 19 per company share. Once this was rejected, GEMed has now made a new offer for the acquisition of the company and increased the per-share price to SEK 25 per share instead. Based upon the new offer, it looks as though Boss Media could agree to this amount.

Boss Media has an average closing price of roughly SEK 14.57 per share on the London AIM. By paying SEK 25 per share, GEMed is valuing the company at roughly SEK 1.4 billion (149 million). The Chairman at Boss Media, Meg Tiveus, feels that this latest offer is in line with the company’s worth and announced that the Board of Directors at the online casino turnkey provider has unanimously recommended that the company accept the offer from GEMed.

Chairman Tiveus remarked on the new deal, "A combination between Boss Media and GTECH is industrially sound. We think the prerequisites for GTECH and Boss Media to create a competitive supplier alternative in an expansive industry are favorable.” GTECH is one of the co-owners of GEMed. The deal is favorable for all involved, the shareholders get a fair buy-out on their shares, and the current licensees will have the benefits of new technology and services offered through GEMed.