MAG Interactive (publ) acquires Primetime

MAG Interactive has entered into an agreement to acquire the Swedish media company Sventertainment AB, the developer of the successful trivia app Primetime.Stockholm, Sweden - 28 August 2020 - MAG Interactive announces today that the company will acquire all shares in Sventertainment AB, purchasing them for a sum of SEK 20 million, with an additional purchase sum corresponding to maximum SEK 80 million based on profit targets for the next three years. Payment is made in cash and is financed through existing cash and cash equivalents. Sventertainment is a Swedish media company