Starbreeze completes Enterspace acquisition
STOCKHOLM, SWEDEN (July 3, 2017) Starbreeze AB, an independent creator publisher and distributor of high quality entertainment products, today announced the completion of its acquisition of Enterspace, a Swedish location based Virtual Reality (VR) company, by the board issuing 1,071,203 Starbreeze B-shares under its mandate from the AGM and completing the transaction of 3.0 MSEK in cash.
Starbreeze announced the acquisition June 12, 2017 and as previously published the purchase price amounts to 20 MSEK, whereof 17.0 MSEK in Starbreeze B-shares and 3.0 MSEK in cash. The new shares to the Enterspace sellers have now been issued and subscribed for. The majority of the new B-shares, approx. 80 per cent, are subscribed for by the Enterspace founders Staffan Klashed, Daniel Arnberg and Olof Englund (all three owners through companies controlled/owned by them).
After the issue, the total number of A-shares and B-shares in Starbreeze is 55,971,982 and 224,718,353 respectively.
Started in early 2016, Enterspace aims to bring a completely new type of large-scale, location-based VR entertainment to the public. The company’s debut experience Ringwalker™ is an interactive, multi-user space adventure with a story that mixes a thoughtful narrative and unexpected twists with inspiring science. Enterspace is headquartered in Stockholm and has 14 employees. Its founders have extensive experience of destination based installations at planetariums around the world.
Enterspace’s first VR Experience centre is set to open in central Stockholm during the autumn of 2017. The site will include 9 600 sqf of virtual experience space and a cafébar.
The original announcement can be found here: https://www.starbreeze.com/2017/06/starbreeze-acquires-vr-company-enterspace-for-20-msek/
For more information, please contact:
Maeva Sponbergs, EVP of Communication and Head of Investor Relations, Starbreeze AB
Tel: 46(0)8-209 208, email: email@example.com
Starbreeze is an independent creator, publisher and distributor of high quality entertainment products. With studios in Stockholm, Paris, Los Angeles, Barcelona and Brussels, the company creates games and other virtual reality entertainment products, based on proprietary design and licensed content. Starbreeze most recent games include PAYDAY 2®, John Wick VR shooter and upcoming survival co-op FPS OVERKILL’s The Walking Dead. Under its publishing initiative, Starbreeze has together with Canadian studio Behaviour Digital successfully launched horror thriller Dead by Daylight.
Starbreeze has set out to develop truly immersive virtual reality (VR) experiences by integrating software and hardware in its StarVR® head mounted display, produced together with Acer. Together with wholly owned subsidiary Enterspace, Starbreeze further solidifies its presence in location based entertainment. StarVR can additionally be found at IMAX VR Centres in Los Angeles and New York.
Headquartered in Stockholm, Sweden, Starbreeze shares are listed on Nasdaq Stockholm First North Premier under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). Remium Nordic is the company's Certified Adviser.
More information: starbreeze.com, starvr.com, overkillsoftware.com