Brief: Stillfront Announces Upfront Settlement Agreement With Gameberry Labs, Divests OFM Studios
BRIEF-Stillfront Announces Upfront Settlement Agreement With Gameberry Labs, Divests OFM Studios June 3 (Reuters) - 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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