Starbreeze has closed the transaction of Indian subsidiary Dhruva

STOCKHOLM, SWEDEN (May 22, 2019) – Starbreeze has closed and finalized the transaction of Dhruva, divesting the Indian subsidiary to Rockstar Games. The total preliminary purchase price amounts to 7.9 MUSD and Starbreeze share of the company is 91.82%.  

The consideration is subject to final accounts post-closing. 15% of the purchase price will be held in escrow for 36 months, of which 50% will be released in 18 months.

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For more information, please contact: 
Pia Rosin, Interim Head of Investor Relations
Ph: +46(0)8-209 208, email: ir@starbreeze.com

This information is information that Starbreeze AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:35 CET on May 22nd, 2019. 

About Starbreeze

Starbreeze is an independent developer, creator, publisher and distributor of PC and console targeting the global market, with studios in Stockholm, Barcelona, Paris, Bangalore and Dehradun. Housing the smash hit IP PAYDAY, Starbreeze develops games based on proprietary and third-party rights, both in-house and in partnership with external game developers. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). Starbreeze announced via a press release on December 3, 2018 that the company, including certain subsidiaries, entered into reconstruction. For more information, please visit starbreeze.com