Brief: Focus Home Interactive To Buy 77.5% Of Dotemu For 38.5 Million Euros

Pullup Entertainment SA

05/08/2021 16:54

Aug 5 (Reuters) - Focus Home Interactive SA  ALFOC.PA :
    * FOCUS HOME INTERACTIVE CONTINUES TO EVOLVE ITS MODEL WITH
THE
ACQUISITION OF DOTEMU, A WORLD LEADER IN RETROGAMING
    * ACQUISITION OF 77.5% OF SHARE CAPITAL OF DOTEMU FOR EUR
38.5
MILLION, IN ADDITION TO EUR 15 MILLION CONDITIONAL ON FUTURE
REVENUE ELEMENTS AND A SECOND EARNOUT SUBJECT TO PERFORMANCE
CRITERIA (EBIT)
    * FOCUS HOME INTERACTIVE POSITIONS ITSELF IN A NEW
HIGH-GROWTH
SEGMENT
    * LONG-TERM PARTNERSHIP WITH CYRILLE IMBERT WHO REMAINS CEO
AND
SHAREHOLDER OF DOTEMU AND JOINS EXECUTIVE COMMITTEE OF FOCUS
HOME INTERACTIVE GROUP
    * TRANSACTION WILL BE FULLY FINANCED WITH AVAILABLE LIQUID
ASSETS
OF FOCUS HOME INTERACTIVE
    * DEAL IS EXPECTED TO BE CLOSED IN SEPTEMBER
    * CYRILLE IMBERT WILL REMAIN CEO AND SHAREHOLDER OF DOTEMU
WITH
22.5% OF CAPITAL

Source text for Eikon:  ID:nBw2XKNzga 
Further company coverage:  ALFOC.PA 

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