Brief: EG7's Daybreak Game Company Enters Into Agreement With Cold Iron Studios

Enad Global 7 AB (publ)

15/09/2023 06:27

Sept 15 (Reuters) - Enad Global 7 AB (publ)  EG7.ST :
    * SUBSIDIARY DAYBREAK GAME COMPANY HAS ENTERED INTO AN
AGREEMENT
WITH COLD IRON STUDIOS WHEREBY DAYBREAK WILL PUBLISH COLD IRON'S
MULTIPLAYER ACTION GAME
    * OVER 2023 AND 2024, DAYBREAK WILL BE ADVANCING
APPROXIMATELY USD
23 MILLION TO FUND DEVELOPMENT OF NEW GAME
    * COLD IRON IS HIRING TOADMAN INTERACTIVE AS ITS
CO-DEVELOPMENT
PARTNER FOR NEW GAME WITH A CONTRACT VALUE OF APPROXIMATELY USD
8 MILLION
    * AS PART OF DAYBREAK'S TRANSACTION AGREEMENT, EG7 HAD BEEN
GRANTED AN OPTION AGREEMENT TO ACQUIRE COLD IRON

Source text for Eikon:  ID:nMFN2xtfjr 
Further company coverage:  EG7.ST 

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