MAG Interactive’s subsidiary FEO Media will reduce its operation with 25 employees
After the acquisition of FEO Media in November 2017 MAG Interactive initiated a review of the organization working with the game Quiz Duel.
The review is now completed and the company notifies of a planned reduction of 25 out of 42 employees. Co-determination consultations with the relevant trade unions will be initiated immediately. The aim is to implement the personnel reductions as soon as possible.
MAG Interactive has a well-established platform for data analysis, performance based marketing and server side support which will be utilized also for Quiz Duel going forward.
For more information please see MAG Interactive Interim report Sep-Nov 2017 that will be published today.
|This announcement contains inside information pursuant to Article 7 of the EU Market Abuse Regulation relating to MAG Interactive AB (publ). The information was submitted for publication through the agency of the contact persons set out below, on January 17, 2018 at 08.29 CET.
For additional information, please contact:Daniel Hasselberg / VD / +46 (0)8 644 35 40 / firstname.lastname@example.orgMagnus Wiklander / CFO / +46 (0)8 644 35 40 / email@example.com