Brief: PlayHippo buys Future Gaming Group; NEVI becomes shareholder

Fable Media AB

24/11/2016 12:59

Nov 24 (Reuters) - PlayHippo AB  PLAYH.ST : 
    * Acquires 100 pct of shares in Future Gaming Group from 
among others New Equity Venture International AB  NEVIb.ST  (72 
pct) 
    * Purchase price of 25 million Swedish crowns ($2.70 
million) will be paid partly in 60 million PlayHippo shares (15 
million crowns) and promissory note of 10 million crowns 
    * Says at least 70 pct of PlayHippo's shareholders are 
positive about transaction 
    * Following issue of new shares, New Equity Venture (NEVI) 
will hold 42.2 million shares in PlayHippo, corresponding to 
about 23 pct of its share capital 
 
     
 Source text: http://bit.ly/2fVjIgb ; http://bit.ly/2g7CcHM 
     
 Further company coverage:  PLAYH.ST   
    
 
 
 
($1 = 9.2545 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))