Gmed’s latest bid leads to jump in Boss share value:

Those who have invested in shares of Swedish online gambling company are now delighted with the 25% hike in the value of Boss Media stocks. This hike in stock prices is due to the latest bid of GTech, a subsidiary of GEMEd on the Boss Media stocks. With this bid, the value of Boss Media Company has increased to about Euro 105.6 million.

 

Boss Media was one of the best performers in the latest International Casino Exhibition that was organized in London. With their excellent performance, they have proven their potential and intent of expanding all their online bingo operations. They are now targeting their expansion into the booming online bingo games market of Scandinavia.

 

In addition to this, this latest deal for Boss is added proof for another trend that seems to be existing in the online bingo industry today. This trend is the increasing number of bids that are being made today for acquiring online gaming companies. This trend was most prevalent in the first quarter of the academic year, 2008.

 

With regards to the GEMed offer, Boss is trying to take advice on deciding whether to recommend their shareholders to accept the offer given by GEMed or not.

 

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