Brief: Spiffbet Divests Of Game Development Business
04/08/2023 09:02
Aug 4 (Reuters) - Spiffbet AB SPIFF.ST :
* DIVESTS GAME DEVELOPMENT BUSINESS
* SELLS GAME DEVELOPMENT BUSINESS TO MILLION GAMES AB
* PURCHASE PRICE IN THE TRANSACTION DEPENDS ON THE OUTCOME
AND MAY
AMOUNT TO A MAXIMUM OF SEK 3.5 MILLION
* REASON FOR THE SALE IS THAT CO IS MAINLY FOCUSED ON CASINO
OPERATIONS AND THAT GAMES HAVE NOT CONTRIBUTED POSITIVELY DURING
PAST YEAR
* TRANSACTION INCLUDES STHLM GAMING SWEDEN AB, ALL GAMES IN
THE
RHINO GAMING PORTFOLIO AND RELATED INTELLECTUAL PROPERTY RIGHTS
Source text for Eikon: ID:nWkr7mFw3D
Further company coverage: SPIFF.ST
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