Brief: Thunderful Group Acquires Headup

Thunderful AB

24/02/2021 06:29

Feb 24 (Reuters) - Thunderful Group AB  THUNDR.ST :
    * THUNDERFUL GROUP ACQUIRES HEADUP
    * ACQUIRES GERMAN GAME PUBLISHER AND DEVELOPER HEADUP WITH 14 EMPLOYEES
    * IN CONNECTION WITH ACQUISITION, HEADUP'S CEO DIETER SCHOELLER TAKES ON ROLE AS HEAD OF
PUBLISHING IN THUNDERFUL GAMES SEGMENT.
    * TO BE EXECUTED ON OR BEFORE MARCH 31, 2021
    * WILL PAY EUR 5 MILLION IN CASH UPFRONT
    * WILL PAY AN EARN-OUT COMPONENT SUBJECT TO HEADUP'S PERFORMANCE IN 2021, 2022 AND 2023
    * HEADUP REVENUES FOR 2020 AMOUNTED TO 4.2 MILLION EUROS.
    * TOTAL MAXIMUM CONSIDERATION OF ACQUISITION IS THUS EUR 11 MILLION.

Source text for Eikon:  ID:nWkr8yZcjf 
Further company coverage:  THUNDR.ST 

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