Acer and Starbreeze Boards Approve Definitive Agreement to form Joint Venture for StarVR
TAIPEI, TAIWAN and STOCKHOLM, SWEDEN (June 25, 2016) Acer Inc. (TWSE: 2353, LSE: ACID) and Starbreeze AB (First North: STAR) announced today that their respective Board of Directors have approved the establishment of a joint venture for design, manufacturing, promotion, marketing and sales of the StarVR Virtual Reality (VR) Head-Mounted Display (HMD) as previously announced May 15[th], 2016 upon signing the letter of intent.The new company is provisionally named Acer Starbreeze Corporation, with an authorized capital of up to NT$800 million (US$25 million) shared equally between the