Starbreeze acquires VR company Enterspace for 20 MSEK
STOCKHOLM, SWEDEN (June 12th, 2017) Starbreeze AB, an independent creator, publisher and distributor of high quality entertainment products, today announced its agreement to acquire the Swedish location based Virtual Reality (VR) company Enterspace AB, for a total of 20 MSEK, whereof 17.0 MSEK in Starbreeze B-shares and 3.0 MSEK in cash. At the time of the acquisition, Starbreeze will also convert a loan to Enterspace of 20 MSEK to equity which will further strengthen Enterspace future finances. The parties have additionally agreed on a limited three-year-earn-out for the sellers based on