Brief: Stillfront Group Acquires Sandbox Interactive

Stillfront AB (publ)

18/12/2020 07:28

Dec 18 (Reuters) - Stillfront Group AB  SFRG.ST :
    * ACQUIRES SANDBOX INTERACTIVE, A CROSS-PLATFORM
FREE-TO-PLAY
MMORPG STUDIO 
    * TOTAL UPFRONT CONSIDERATION AMOUNTS TO EUR 130 MILLION ON
A CASH
AND DEBT FREE BASIS 
    * SELLERS ARE THE FOUR CO-FOUNDERS OF SANDBOX
    * CONSIDERATION PAYABLE TO THE SELLERS WILL BE PAID PARTLY
IN CASH
AND PARTLY IN SHARES IN STILLFRONT
    * CLOSING OF THE TRANSACTION IS ENVISAGED TO OCCUR NO LATER
THAN
DEC. 30, 2020 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN61fpyZ
    
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