Brief: Thunderful Acquires Early Morning Studio

Thunderful AB

16/11/2021 06:28

Nov 16 (Reuters) - Thunderful Group AB  THUNDR.ST :
    * THUNDERFUL ACQUIRES MOBILE DEVELOPER EARLY MORNING STUDIO
    * DURING PERIOD OF JANUARY-DECEMBER 2021, EARLY MORNING
STUDIO IS
EXPECTED TO GENERATE NET SALES OF APPROXIMATELY SEK 17-19
MILLION AND AN ADJUSTED EBIT OF SEK 12-13 MILLION
    * PAYS AN INITIAL CONSIDERATION OF SEK 80.0 MILLION ON A
CASH- AND
DEBT-FREE BASIS,
    * IN ADDITION TO INITIAL CONSIDERATION AN ADDITIONAL
EARN-OUT
COMPONENT OF MAXIMUM SEK 270.0 MILLION CAN BE PAID OUT TO SELLER

Source text for Eikon:  ID:nWkr7ycclp 
Further company coverage:  THUNDR.ST 

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