Brief: Starbreeze acquires Visual Effects Studio and Nozon

Starbreeze AB

25/10/2016 07:16

Oct 25 (Reuters) - Starbreeze AB  STZEb.ST : 
    * Starbreeze acquires Visual Effects Studio and presenz 
technology creator nozon for 7.1 million euros ($7.7 million) 
    * Pays for acquisition 4.6 million euros (about 44.6 million 
swedish crowns) in cash 2.5 million euros in newly issued 
Starbreeze B-shares. 
    * In addition, parties have agreed on a capped ten-year 
earn-out for Nozon founders based on Presenz future financial 
performance 
    * During earn-out period, Starbreeze will pay a percentage 
on certain of its revenues benefitting from Presenz technology 
    * Says ongoing VFX business of Nozon will have a limited but 
positive impact on Starbreeze revenue and profit from day one 
 
Source text for Eikon:  ID:nWkrjy9101  
     
Further company coverage:  STZEb.ST  
 
($1 = 0.9190 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))