MAG Interactive AB (publ) sells back Primetime to its founder
Today MAG Interactive AB (publ) has sold the operations of the quiz app Primetime back to its founder.Stockholm, Sweden – 13 January, 2025 – MAG Interactive announces that today the company has sold Sventertainment AB and the operations related to Primetime in an asset sale to the founder Martin Palm. The purchase price is 1 SEK, with a potential earnout based on future profits. A conservative valuation of this earnout means it will not be included in the company’s balance sheet. The sale is effective retroactively as of January 1, 2025.In connection with the transaction, all staff and