Acer to invest 9 MUSD in Starbreeze through 2-year Convertible Bond
STOCKHOLM, SWEDEN (June 25, 2016) Acer Inc. (TWSE: 2353, LSE: ACID) and Starbreeze AB (First North: STAR) announced today that in relation to the setup of a joint venture for the manufacturing and commercialization of the StarVR Virtual Reality (VR) Head Mounted Display (HMD), the companies additionally reached a term sheet that Acer Inc. will contribute financing to Starbreeze through a two-year bond convertible into B-shares, corresponding to 9 MUSD. The bond will be issued under the Board’s authorization from the AGM as soon as finalized terms are agreed upon.The bond will have a