Brief: Starbreeze Signed Binding Agreement To Divest Indian Game Art Production Studio Dhruva
12/05/2019 17:34
May 12 (Reuters) - Starbreeze AB STZEb.ST :
* STARBREEZE HAS SIGNED A BINDING AGREEMENT TO DIVEST THE
INDIAN
GAME ART PRODUCTION STUDIO DHRUVA
* TOTAL PRELIMINARY PURCHASE PRICE AMOUNTS TO US$7.9 MILLION
AND
STARBREEZE SHARE OF COMPANY IS 91.82%
* DEAL IS EXPECTED TO CLOSE BEFORE HALF-YEAR OF 2019
* 15% OF PURCHASE PRICE WILL BE HELD IN ESCROW FOR 36
MONTHS, OF
WHICH 50% WILL BE RELEASED IN 18 MONTHS
* BUYER WISHES TO BE UNDISCLOSED AT TIME OF THIS
ANNOUNCEMENT BUT
WILL BE COMMUNICATED AS TRANSACTION IS FINALIZED
Source text for Eikon: ID:nWkr7Rm3MX
Further company coverage: STZEb.ST
((Reuters.Briefs@thomsonreuters.com;))