Starbreeze partner Acer steps up financing of the StarVR joint venture
STOCKHOLM, SWEDEN and TAIPEI, TAIWAN (24 October 2017) Starbreeze AB (NQSE: STAR A, STAR B) and Acer Inc. (TWSE: 2353, LSE: ACID) announce today that a new capitalization plan has been agreed for the StarVR Corporation – the joint venture for marketing and sales of the StarVR Virtual Reality (VR) headset. Under the new agreement, Acer will inject USD 5 million into the joint venture and increase its interest to 66.7%. Starbreeze will be relieved from its remaining capital commitment of USD 7.5 million and its interest will be 33.3%. The joint venture, originally announced 25 June 2016,