Brief: Embracer Divests Easybrain To Miniclip For $1.2 Bln

Embracer AB

14/11/2024 06:21

Nov 14(Reuters) - Embracer Group  EMBRACb.ST :
    * DIVESTS OPERATIVE GROUP EASYBRAIN TO MINICLIP FOR A
CONSIDERATION OF USD 1.2 BILLION ON A CASH AND DEBT FREE BASIS
    * EMBRACER WILL TRANSFORM FROM NET DEBT POSITION OF SEK 13.2
BILLION AS OF Q2 FY 2024/25 TO ABOUT SEK 0.5 BILLION ON PRO
FORMA BASIS
    * CLOSING OF THE TRANSACTION IS EXPECTED TO TAKE PLACE IN
THE
FIRST MONTHS OF 2025

        
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