The Governing Committee Assesses Velvet Cichlid's Proposed Deal
Sleep Cycle AB, a leading sleep technology company with over two billion nights of sleep data analyzed from millions of daily active users in more than 150 countries, has received a takeover offer from Velvet Cichlid AB.
Based in Gothenburg, Sweden, Sleep Cycle is one of the world's most comprehensive sources for statistics on sleep and contributes significantly to research and reporting on sleep worldwide. The company's mobile application helps users fall asleep more easily, track sleep, analyze sleep data, wake up in a light sleep phase, and provide insights for improving sleep quality.
The offer price for each share of Sleep Cycle AB is SEK 42.50 in cash, with the acceptance period expected to commence on or around December 20, 2022, and expire on or around January 31, 2023, subject to extensions. Sleep Cycle is listed on Nasdaq Stockholm under the ticker SLEEP.
As of August 9, 2025, there are no publicly available search results providing details, terms, or conditions of the Velvet Cichlid AB public takeover offer for Sleep Cycle AB. The information found pertains only to Sleep Cycle AB’s ongoing business activities, financial reports, and product offerings, with no mention of a takeover bid or offer from Velvet Cichlid AB or any other entity.
If you require verified information on the takeover offer, it would typically be announced through official press releases, stock exchange notices, or regulatory filings. Checking Nasdaq Stockholm announcements or Velvet Cichlid AB’s official disclosures may provide direct details if the offer exists.
For further information, contact Anne Broeng, Board member and Chairperson of the Bid Committee, at [email protected] or 45 2179 5006. Mannheimer Swartling has been engaged as legal advisor for the offer, while SEB Corporate Finance has been engaged as financial advisor.
It is important to note that the Chairman of the Board, Lars Berg, will not participate in the Board's handling of or decisions related to the offer due to a conflict of interest. The Board of Directors of Sleep Cycle AB will evaluate the offer and announce its opinion regarding the offer no later than two weeks before the end of the acceptance period.
Sleep Cycle's mission is to improve global health by empowering people to sleep better. The company's ongoing commitment to sleep research and innovation underscores its dedication to this mission.
[References omitted for brevity]
- The takeover offer for Sleep Cycle AB, a prominent player in the sleep technology industry, is being facilitated by Velvet Cichlid AB, a company based outside of Sweden.
- The potential acquisition of Sleep Cycle AB could have significant implications for the finance industry, as Sleep Cycle's app is a leading player in the market for sleep data analysis and personalized sleep solutions, contributing to the business of providing insights for improving sleep quality.
