Brief: Starbreeze acquires Indian company Dhruva Interactive
16/12/2016 06:30
Dec 16 (Reuters) - Starbreeze AB STZEb.ST :
* Acquires Indian art production company Dhruva Interactive
for $8.5 million
* Dhruva will continue to operate under its own brand
* Deal contains an earn-out agreement of no more than $0.8
million over next four years
* To pay $7.0 million (about 68.5 million Swedish crowns) in
cash and $1.5 million in newly issued starbreeze B-shares
* Deal is expected to close at end of Q1 2017, subject to
approval processes for foreign investors in India
Source text for Eikon: ID:nWkrlp3394
Further company coverage: STZEb.ST
(Gdynia Newsroom)
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