Boss Media says that a revised offer by GEMed was unanimously recommended by their board of directors. The offer was raised by 32 percent to SEK 25 a share with now makes the value of the company 149 million in Euros.

A previous offer that was received earlier this month was considered by Boss Media's directors but they felt that it was under valuing the company. It prompted speculation that other bids might be up for consideration.

When the revised offer was announced Boss Media CEO Tiveus said, "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. The revised cash offer presented by GEMed, as a consequence of the process conducted, means that Boss Media's shareholders receive a substantially higher price for their shares compared to the share price prior to the initiation of the process."

Boss Media also recently shared their ideas on expanding their presence in the online bingo game markets as they ripe for growth over the next year.

- 2008-02-19