Boss Media divests holding in Jadestone Group AB

Boss Media has divested its 20-percent shareholding in Jadestone Group AB for SEK 17.1 million. The sale generated a capital gain of SEK 7.1 million. The reason for the divestment is the strategic change implemented by Boss Media during the spring, which entails, among other consequences, that Boss Media will focus primarily on the Internet, interactive video terminals (IVT) and, in the future, interactive digital-TV as distribution channels for digital gaming entertainment. “The cooperation with Jadestone was concentrated around mobile games. When we received a good offer, we decided to sell, because mobile games are no longer part of our area of focus,” says Johan Berg, President of Boss Media. For further information, please contact: Johan Berg, President and CEO, Boss Media AB (publ), telephone: +46 (0)470 70 30 01 or +46 (0)733 70 30 25, e-mail: johan.berg@bossmedia.se