Stillfront Group completes the acquisition of Candywriter, LLC
Stillfront Group AB (publ), a leading free-to-play powerhouse of gaming studios, has completed the acquisition of Candywriter, LLC, which was announced through a press release on 23 April 2020. The upfront consideration which was paid to the sellers of Candywriter amounted to approx. USD 74.4 million, on a cash and debt free basis. Of the upfront consideration, USD 37.5 million was paid by way of set-off against transfer of 708,463 newly issued shares in Stillfront through a directed share issue to the sellers of Candywriter and the remaining approx. USD 36.9 million was paid in