Embracer Group acquires Sola Media
Embracer Group wholly owned subsidiary Koch Film acquires Sola Media. The company, based in Stuttgart, Germany, is a sales agent of international film-and TV-rights, distributing children and family films across the globe.Sola Media was founded in 2004 by Solveig Langeland, a Norwegian-born industry veteran who now leads a small team of hand-picked industry experts. Koch Films acquires 100% of Sola Media for EUR 2.3 million, of which approximately 80% is paid in cash and 20% is paid in Embracer B shares. A total of 32,596 shares are issued at a price of SEK 142.03 per share, which equals