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Digital Bros (505 Games) Set to Aquire up to 30% of Starbreeze

Digital Bros (505 Games) Set to Aquire up to 30% of Starbreeze

4 years ago
Anonymous $yQ5BfQaAxy

https://wccftech.com/digital-bros-set-to-aquire-30-of-starbreeze/

Digital Bros, the parent company of 505 Games, is currently a minority stakeholder of Starbreeze Studios AB (The Darkness, Syndicate, Payday 2) holding 7% of shares, controlling 28.6% of voting rights. Both are set to expand as Digital Bros board of directors has authorised its chairman to acquire further assets at a cost of €19.2 million.

Once acquired, Digital Bros will become by far the largest single stakeholder in Starbreeze, owning 30.18 of shares, giving them 40.83% of voting rights. Having passed certain thresholds, Digital Bros would be under obligation to launch an offer for the remainder of Starbreeze AB's shares. The total value is said to be approximately €36 million.