Brief: Paradox Interactive To Acquire Seattle-Based Harebrained Schemes

Paradox Interactive AB (publ)

05/06/2018 19:04

June 5 (Reuters) - Paradox Interactive AB (publ)  PDXI.ST :
    * PARADOX INTERACTIVE TO ACQUIRE SEATTLE-BASED HAREBRAINED
SCHEMES
    * PARADOX PAYS A FIXED PURCHASE PRICE OF US$7.5 MILLION AT
TIME OF
ACQUISITION
    * PARADOX INTERACTIVE AB - DEAL INCLUDES PURCHASE PRICE
CORRESPONDING TO 25% OF ACQUIRED BUSINESS' EARNINGS BEFORE
PUBLISHING COSTS OVER NEXT 5 YEARS
    * HAREBRAINED SCHEMES WILL CONTINUE TO OPERATE WITH ITS OWN
INTERNAL MANAGEMENT AND CREATIVE TEAMS

Source text for Eikon:  ID:nWkr9Yh731 
Further company coverage:  PDXI.ST 

 ((Reuters.Briefs@thomsonreuters.com;))