Brief: Starbreeze buys French VR and toys to life tech company
01/07/2016 06:39
July 1 (Reuters) - Starbreeze AB STZEb.ST :
* Announced on Thursday acquisition of ePawn, French virtual reality (VR), augmented reality
and toys-to-life technology company
* Buys ePawn for 4 million euros ($4.44 million) in Starbreeze shares and 1.5 million euros
in cash
* Says resolved to issue 1.9 million B-shares based on market share price determined at
19.90 crowns and exchange rate of 9.461
* Says issue represents 0.7 pct of capital and 0.2 pct of votes on fully diluted basis
* Additional earn-out consideration will be paid to selling shareholders based on
performance of business in coming years
* Deal is not expected to significantly impact Starbreeze financial performance in near-term
but is expected to unlock synergies related to several of Starbreeze ongoing and future projects
and thereby generate incremental revenues long-term
Source text: http://bit.ly/29kmYxn
Further company coverage: STZEb.ST
($1 = 0.9017 euros)
(Gdynia Newsroom)
((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))