STOCKHOLM IT VENTURES AB ANNOUNCES ACQUISITION OF MEDIA AND FINTECH COMPANY ON “ETHEREUM ISLAND”
STOCKHOLM, SWEDEN (11 September 2018) – Stockholm IT Ventures AB (Frankfurt Stock Exchange: SVAB - ISIN SE 0006027546), a Swedish company specialising in clean and efficient low-cost energy cryptocurrency mining/production and related FinTech and blockchain technologies today announced the execution of an agreement to acquire New World Studios Ltd. The company is being acquired to act as a development, production and distribution operation for the Africa/Asia region under the Company’s subsidiary BTT Sweden AB. New World Studios Ltd is a media and FinTech company located in the Indian