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SF Stillfront AB (publ) News Story

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Brief: Stillfront Announces Upfront Settlement Agreement With Gameberry Labs, Divests OFM Studios

BRIEF-Stillfront Announces Upfront Settlement Agreement With Gameberry Labs, Divests OFM Studios

- Stillfront Group AB (publ) SFRG.ST:

  • ANNOUNCES UPFRONT SETTLEMENT AGREEMENT WITH GAMEBERRY LABS AND DIVESTS OFM STUDIOS FOR AN AGGREGATE CONSIDERATION OF APPROXIMATELY SEK 268 MILLION

  • DIVESTS OFM STUDIOS TO FOUNDER FOR EUR 2.1 MILLION

  • TRANSACTIONS EXPECTED TO REDUCE NET REVENUE BY SEK 110 MILLION AND ADJUSTED EBITDAC BY SEK 90 MILLION

Source text: ID:nMFN9RTCcg

Further company coverage: SFRG.ST


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