Starbreeze completes Dhruva Interactive acquisition
STOCKHOLM (28 August, 2017) Starbreeze AB has agreed with the owners of Indian art production company Dhruva Interactive to complete the acquisition of 90.5% of the shares in Dhruva Interactive for 8.5 MUSD. The acquisition was announced 16 December 2016 with terms stipulating a purchase price consisting of 7.0 MUSD in cash and 1.5 MUSD in newly issued Starbreeze B-shares. Due to the complex regulatory environment in India, the transaction has taken more time than expected to complete. To facilitate regulatory technical limitations, the transaction was restructured to ensure that the