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4 months ago
BRIEF-PlayHippo signs non-binding agreement to buy British online gaming co
May 5, 2017 / 9:26 AM / 4 months ago

BRIEF-PlayHippo signs non-binding agreement to buy British online gaming co

May 5 (Reuters) - PLAYHIPPO AB:

* SIGNS NON-BINDING INDICATIVE OFFER FOR ACQUISITION OF A BRITISH COMPANY ACTIVE WITHIN ONLINE GAMING AND AFFILIATE MARKETING

* OFFER IS DIVIDED INTO TWO PARTS, AN INITIAL PAYMENT AND AN ADDITIONAL PURCHASE PRICE

* THE PURCHASE PRICE IS PAID IN NEWLY ISSUED SHARES AND IS EXPECTED TO BE BETWEEN 55-60 MILLION SWEDISH CROWNS

* GOAL IS TO CLOSE THE DEAL IN Q2

Source text: bit.ly/2pcyHTQ

Further company coverage: (Gdynia Newsroom)

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