PRESS DIGEST - Wall Street Journal - May 24
May 24 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
Oct 13 Modern Times Group Mtg Ab
* Says invests in innogames and enters multi-billion dollar online gaming market
* Says has entered into an agreement to acquire 35 pct of Innogames
* Says has an option to acquire a further 16 pct of company at same valuation
* Says Innogames has expected revenues of approximately EUR 125 mln in 2016 and an EBITDA margin of approximately 20 pct.
* Says the acquisition will be EPS accretive in year one
* Says transaction is based on an enterprise value of eur 260 mln euros for 100 pct of company
* The transaction is subject to German and Austrian merger approvals. Further company coverage: (Reporting By Simon Johnson)